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Centrica sells Trinidad and Tobago gas assets to Shell

Reuters - UK Focus

LONDON, Nov 30 (Reuters) - British utility Centrica (Amsterdam: CC8.AS - news) said on Wednesday it has agreed to sell its gas assets in Trindad and Tobago for $30 million to Royal Dutch Shell (LSE: 0LN9.L - news) .

The assets include a 17.3 percent interest in the producing NCMA-1 block as well as operating interests in two undeveloped blocks, Centrica (Frankfurt: A0DK6K - news) said.

The divestment is part of Centrica's drive to focus its oil and gas exploration and production activity to Britain, the Netherlands and Norway.

Shell (LSE: RDSB.L - news) , which became the world's top liquefied natural gas trader following its $54 billion acquisition of BG Group (EUREX: 1007667.EX - news) this year, has a stake in Atlantic LNG, one of the world's largest plants, in Trinidad.

(Reporting by Ron Bousso, editing by Louise Heavens)