What's Behind Shell's LNG Asset Swap?
Chevron and Shell agreed to swap stakes in two Australian LNG projects, with Chevron gaining more natural gas fields close to its $29 billion Wheatstone export terminal. At a quick glance, the deal makes sense from Chevron's point of view, but Shell's interest in two fields in the $30 billion Browse project is not readily evident. Check out this video for more information on Shell's LNG plans and how the company can further profit from this swap.
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The article What's Behind Shell's LNG Asset Swap? originally appeared on Fool.com.Joel South has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend Chevron. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.