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.