Shell considering sale of stake in Philippines' Malampaya project

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“As part of an ongoing portfolio rationalisation to simplify and increase the resilience of its business, Shell is exploring its options with a view to divest its interest” in Malampaya, a spokeswoman told Reuters.

“Shell would ensure a smooth transition of the asset to a credible buyer who would be well placed to optimise the value from Malampaya,” the spokeswoman said in response to emailed questions, which mentioned no potential buyers.