Laugfs eyeing Shell

The Chairman of Laugfs gas W.K.H. Wegapitiya today speaking to Ada Derana said that discussion were underway with the Royal Dutch Shell plc the mother company of Shell gas Lanka Ltd. to see the possibility of acquiring its local business.

Shell yesterday announced that it is in discussions with third parties as part of a review of ownership options for most of the company’s liquefied petroleum gas (LPG) businesses.

The scope of the review is the Shell Gas (LPG) businesses inFrance, Belgium, Netherlands,Luxembourg, Denmark, Finland,Sweden, Norway, Hungary,Poland, United Kingdom, Malaysia,Pakistan, Sri Lanka, Philippines,Singapore and Argentina. The Shell Gas (LPG) businesses in Canada,Turkey, Brunei, Vietnam, Hong Kong and Macau are out of scope.