KUALA LUMPUR -(Dow Jones)- Oman's National Gas Co. SAOG will buy Shell Malaysia Trading Sdn. Bhd.'s liquefied petroleum gas assets in Malaysia for an undisclosed amount, the two companies said Wednesday.
Shell Malaysia's LPG output capacity is 22,000-25,000 tons a month, National Gas Co. Chief Executive Goutam Sen told reporters, adding that the company has also signed a long-term contract with Shell Malaysia to buy LPG.
He said supplies from Shell Malaysia's Port Dickson refinery will meet 80%-85% of its current needs. The two companies declined to provide financial details of the deals.
-By Ankur Relia; Dow Jones Newswires; 603-2026-1233; firstname.lastname@example.org
(END) Dow Jones Newswires
May 09, 2012 05:50 ET (09:50 GMT)
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