Expenses must be shelved by selling off assets.
That is Shell's ambition after last year's billion-dollar acquisition of BG Group, which positioned Shell well within the LNG market and certain areas within Brazil, but also saddled the company with a huge debt – one worth approximately USD 78 billion at the end of the third quarter last year.
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Ahead of Thursday’s long awaited meeting between EU’s energy ministers, the EU Commission still has yet to rubber-stamp any proposed solutions to the energy crisis. According to a commissioner, preparations are still underway for the meeting – and gas prices are in focus, according to documents leaked Wednesday.