Wall Street Giants Circle Shell’s $15 Billion LNG Canada Stake

Three of the largest asset management firms are competing for Shell’s interest in the LNG Canada project, with price tag estimates ranging between $10 billion and $15 billion, Reuters reported, citing unnamed sources familiar with the matter.

KKR, Apollo Management, and Blackstone are vying for a portion of Shell’s 40% stake in LNG Canada, which is the first North American export facility for the superchilled fuel with access to the Pacific, Reuters noted, making it well-positioned to supply the Asian market.