LNG

Jan 31 (LNGJ) – Royal Dutch Shell has reached an agreement to sell natural gas and exploration field assets in Thailand for $900 million to Kuwait Foreign Petroleum Exploration Co. The assets include two Shell units, Shell Integrated Gas Thailand Ltd and Thai Energy Co. These two companies together hold a 22.2 percent equity stake in the Bongkot field, and adjoining acreage in four blocks offshore Thailand. Shell had acquired the stake in the Bongkot field in the Gulf of Thailand when it bought BG Group of the UK. The other shareholders in the assets are Thai energy company PTT and French oil and gas company Total.