LNG

Aug 15 (LNGJ) - Royal Dutch Shell has concluded two deals to shuffle its holding in US shale-gas plays that will provide feed-gas for LNG export projects. Shell will exit its Pinedale and Haynesville onshore gas assets in exchange for about $2.1 billion of cash, plus additional acreage in the Marcellus and Utica Shale areas in Pennsylvania. In one agreement with Ultra Petroleum, Shell will acquire 155,000 net acres in the Marcellus and Utica Shale areas and receive a cash payment of $925M from Ultra in exchange for Shell's Pinedale asset in Wyoming. In a separate deal with Vine Oil & Gas, Shell agreed to sell its Haynesville asset in Louisiana for $1.2Bln in cash.