Shell looking to sell stake in Philippines' Malampaya gas project


MANILA, Sept 27 (Reuters): Royal Dutch Shell PLC is looking to sell its 45% stake in the Malampaya gas-to-power project in the Philippines, a key power source for the country's main island of Luzon, its local unit has announced.

"As part of an ongoing portfolio rationalisation to simplify and increase the resilience of its business, Shell is exploring its options with a view to divest its interest" in Malampaya, a spokeswoman told Reuters.

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