Gassled transports most of the gas production on the Norwegian Continental Shelf to consumers on the European continent and in the UK.
Shell will sell its 5% interest in Gassled and associated interests of 3.3% in Dunkerque Terminal and 2.5% in Zeepipe Terminal to Infragas Norge, a unit of Canada’s Public Sector Pension Investment Board.
The transaction is expected to close in the fourth quarter of 2011, and is subject to approval by the relevant Norwegian authorities and consents by the Gassled JV partners.
