Shell 'eyes Malaysia LNG sale'

According to Bloomberg, citing people with knowledge of the matter, Shell is gauging interest for its 15% stake in MLNG Tiga, which owns an LNG terminal in Sarawak on the island of Borneo.

The sale could fetch more than $1 billion, according to Bloomberg's report. Potential buyers are said to be comprised of private equity firms.

Malaysia's state-owned Petronas, which owns 60% of MLNG Tiga, is said to have pre-emptive rights on the stake.

Shell