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Brief -- Shell Energy North America

One of North America’s leading natural gas marketers, Shell Energy North America (SENA), has agreed to buy MP2 Energy LLC for an undisclosed price. MP2 manages power plants and delivers retail power to end-use customers. Subject to regulatory approvals, the transaction should be completed in 3Q2017. SENA now manages a retail energy business targeting large commercial and industrial customers on the U.S. West Coast. With the purchase of MP2, which is headquartered in The Woodlands north of Houston, SENA plans to expand operations in Texas and through the eastern United States. SENA’s North American gas sales volumes are estimated at around 10 Bcf/d. According to NGI’s top natural gas marketers for 1Q2017, SENA was ranked No. 2.

ISSN © 2577-9877 | ISSN © 1532-1231

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