0001309014-13-000138.txt : 20130227 0001309014-13-000138.hdr.sgml : 20130227 20130227062014 ACCESSION NUMBER: 0001309014-13-000138 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20130227 FILED AS OF DATE: 20130227 DATE AS OF CHANGE: 20130227 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Royal Dutch Shell plc CENTRAL INDEX KEY: 0001306965 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 000000000 STATE OF INCORPORATION: X0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32575 FILM NUMBER: 13644892 BUSINESS ADDRESS: STREET 1: CAREL VAN BYLANDTLAAN 30 CITY: THE HAGUE STATE: P7 ZIP: 2596 HR BUSINESS PHONE: 31-70-377-9111 MAIL ADDRESS: STREET 1: CAREL VAN BYLANDTLAAN 30 CITY: THE HAGUE STATE: P7 ZIP: 2596 HR FORMER COMPANY: FORMER CONFORMED NAME: Forthdeal LTD DATE OF NAME CHANGE: 20041026 6-K 1 htm_7452.htm LIVE FILING Royal Dutch Shell plc - Form 6-K
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of February, 2013

Commission File Number: 1-32575

Royal Dutch Shell plc
———————————————————————————————————
(Translation of registrant’s name into English)
 
30, Carel van Bylandtlaan, 2596 HR The Hague
The Netherlands
———————————————————————————————————
(Address of principal executive office)
 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:  [x] Form 20-F    [ ] Form 40-F
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  [ ]
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  [ ]
 
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:  [ ] Yes    [x] No
 
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):    n/a 
 

Shell continues to expand its LNG leadership with the purchase of new positions
from Repsol S.A.

The Hague, 26 February 2013. Royal Dutch Shell plc (“Shell”) continues to expand
its industry leadership in Liquefied Natural Gas (“LNG”), today agreeing to
acquire part of Repsol S.A’s (“Repsol”) LNG portfolio outside of North America,
including supply positions in Peru and Trinidad & Tobago, for a cash
consideration of $4.4 billion. Shell will also assume and consolidate balance
sheet liabilities predominantly reflecting leases for LNG ship charters of
currently $1.8 billion. The balance sheet impacts are subject to final
assessment prior to completion of the transaction.

“Shell’s world-wide LNG supply position and customer base means we are uniquely
positioned to add value to Repsol’s LNG portfolio, including through Shell’s
trading capabilities,” said Chief Executive Officer Peter Voser. “By optimising
the combined portfolios we will increase our ability to bring LNG to areas that
need it the most, adding value for Shell, our partners and our customers.”
The acquisition will add a new dynamic to Shell’s portfolio, namely LNG capacity
in the West Atlantic from Atlantic LNG in Trinidad & Tobago, and in the East
Pacific from Peru LNG. These additions will complement Shell’s existing LNG
capacity in Africa, Asia, Australia, the Middle East and Russia. The acquisition
should add some 7.2 million tonnes per annum (mtpa) of LNG volumes through
long-term off-take agreements, including some 4 mtpa of equity LNG plant
capacity.
Shell expects to add value to this portfolio by optimizing the new LNG flows in
our world-wide customer base. Subject to successful completion, the new
portfolio is expected to immediately provide additional cash flow to Shell, with
limited on-going capital expenditure requirements.

The transaction, which has an effective date of 1 October 2012, is expected to
close in the second half of 2013 or early 2014, subject to regulatory approvals
and other conditions precedent.

Additional information:
Shell has agreed to acquire from several Repsol subsidiaries which own key LNG
businesses of Repsol. Upon completion, after securing regulatory approvals and
meeting other conditions precedent, the transaction will add:
a)	Net 4.2 mtpa equity LNG plant capacity comprising:
•	ALNG trains 1-4 14.6 mtpa capacity, on a 100% basis (20-25% equity per train);
operated by Atlantic LNG Company of Trinidad and Tobago
•	Peru LNG 4.45 mtpa capacity, on a 100% basis (acquisition: 20% equity; 100%
offtake); operated by Peru LNG Company
•	BBE power plant in Spain (25%, 800MW); operated by Bahía de Bizkaia
Electricidad S.L.
•	A fleet of LNG carriers, comprising both long term and short term time
charters.
b)	A material LNG marketing and trading operation, with 7.2 mtpa of LNG volumes
through long-term off-take agreements.
c)	As part of this agreement, Shell has committed to supply around 0.1 mtpa of
LNG to Repsol’s Canaport LNG terminal in Canada over a period of 10 years.


Enquiries:

Shell Media Relations:
International			  	+44 207 934 5550
Americas 				+1 713 241 4544

Shell Investor Relations:
International 				+31 70 377 4540
North America				+1 713 241 1042

Cautionary note
The companies in which Royal Dutch Shell plc directly and indirectly owns
investments are separate entities. In this announcement "Shell", "Shell Group"
and "Royal Dutch Shell" are sometimes used for convenience where references are
made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the
words "we", "us" and "our" are also used to refer to subsidiaries in general or
to those who work for them. These expressions are also used where no useful
purpose is served by identifying the particular company or companies.
"Subsidiaries", "Shell subsidiaries" and "Shell companies" as used in this
announcement refer to companies in which Shell either directly or indirectly has
control, by having either a majority of the voting rights or the right to
exercise a controlling influence. The companies in which Shell has significant
influence but not control are referred to as "associated companies" or
"associates" and companies in which Shell has joint control are referred to as
"jointly controlled entities". In this announcement, associates and jointly
controlled entities are also referred to as "equity-accounted investments". The
term "Shell interest" is used for convenience to indicate the direct and/or
indirect (for example, through our 23 per cent shareholding in Woodside
Petroleum Ltd.) ownership interest held by Shell in a venture, partnership or
company, after exclusion of all third-party interest.

This announcement contains forward looking statements concerning the financial
condition, results of operations and businesses of Shell and the Shell Group.
All statements other than statements of historical fact are, or may be deemed to
be, forward-looking statements. Forward-looking statements are statements of
future expectations that are based on management's current expectations and
assumptions and involve known and unknown risks and uncertainties that could
cause actual results, performance or events to differ materially from those
expressed or implied in these statements. Forward-looking statements include,
among other things, statements concerning the potential exposure of Shell and
the Shell Group to market risks and statements expressing management’s
expectations, beliefs, estimates, forecasts, projections and assumptions. These
forward looking statements are identified by their use of terms and phrases such
as "anticipate", "believe", "could", "estimate", "expect", "goals", "intend",
"may", "objectives", "outlook", "plan", "probably", "project", "risks", "seek",
"should", "target", "will" and similar terms and phrases. There are a number of
factors that could affect the future operations of Shell and the Shell Group and
could cause those results to differ materially from those expressed in the
forward looking statements included in this announcement, including (without
limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in
demand for Shell's products; (c) currency fluctuations; (d) drilling and
production results; (e) reserves estimates; (f) loss of market share and
industry competition; (g) environmental and physical risks; (h) risks associated
with the identification of suitable potential acquisition properties and
targets, and successful negotiation and completion of such transactions; (i) the
risk of doing business in developing countries and countries subject to
international sanctions; (j) legislative, fiscal and regulatory developments
including regulatory measures addressing climate change; (k) economic and
financial market conditions in various countries and regions; (l) political
risks, including the risks of expropriation and renegotiation of the terms of
contracts with governmental entities, delays or advancements in the approval of
projects and delays in the reimbursement for shared costs; and (m) changes in
trading conditions. All forward looking statements contained in this
announcement are expressly qualified in their entirety by the cautionary
statements contained or referred to in this section. Readers should not place
undue reliance on forward looking statements. Additional factors that may affect
future results are contained in Shell's 20-F for the year ended 31 December 2011
(available at www.shell.com/investor and www.sec.gov ). These factors also
should be considered by the reader.  Each forward looking statement speaks only
as of the date of this announcement, 26 February 2013. Neither Shell nor any of
its subsidiaries nor the Shell Group undertake any obligation to publicly update
or revise any forward looking statement as a result of new information, future
events or other information. In light of these risks, results could differ
materially from those stated, implied or inferred from the forward looking
statements contained in this announcement.



SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
    Royal Dutch Shell plc
     
Date: 27 February 2013 By: /s/ M.C.M. Brandjes

  Name:  M.C.M. Brandjes
  Title: Company Secretary