07/11/2012 | 03:07am US/Eastern
By Sarah Kent
LONDON–Royal Dutch Shell PLC (RDSB.LN) said Wednesday it has agreed to acquire Norwegian liquefied natural gas producer and distributor, Gasnor, for $74 million.
Shell said the acquisition will help establish a sales and marketing arm for transport fuel made from LNG, ahead of new environmental regulations due to come into force in 2015 that will require lower levels of emissions of pollutants from shipping traffic in the Baltic Sea, English Channel and North Sea.
The move follows other initiatives from Shell to expand the use of natural gas, which has undergone a boom in production in North America, as a transport fuel in direct competition with oil.
“Shell believes liquefied natural gas in the transport sector will develop into a sizeable market and, given its industry-leading expertise across the LNG value chain, the extension into this market is a good fit for Shell,” said Colin Abraham, Shell’s Vice President for downstream LNG in a statement. “This will help us to quickly develop and meet customer requirements for LNG as a transport fuel,” he added.
This acquisition follows a string of investments in the LNG fuel sector over the last year.
In September 2011, Shell invested in a project to supply LNG to Shell Flying J truck stops in Canada, while last month the Anglo-Dutch oil major signed a memorandum of understanding to supply LNG for trucks at 100 fueling stations across the U.S. starting in 2013.
Shell already owns 4.1% of Gasnor shares. Its acquisition of the remainder of the company is expected to close in the third quarter, subject to regulatory approvals.
Write to Sarah Kent at [email protected]
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
MORE DETAILS:
A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
