LNG

March 26 (LNGJ) - Marubeni Corp., the Japanese trading house and LNG sector participant, said it reached an agreement to sell its shale assets in the Eagle Ford play in Texas to two independent oil and gas companies for an undisclosed sum. Marubeni purchased 52,000 net acres in the Eagle Ford in 2012 from Texas company Hunt Oil for $1.3 billion. “Marubeni is accelerating asset recycling as part of the enhancement of the cash flow management and this deal is expected to contribute to that goal,” said the Japanese company.