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UPDATE 1-Shell seeks sale of Mackenzie gas assets - report

Fri Jul 15, 2011 7:09pm GMT

CALGARY, Alberta, July 15 (Reuters) - Royal Dutch Shell Plc (RDSa.L: Quote) has put its stake in the C$16.2 billion ($16.8 billion) Mackenzie gas project up for sale, as well as its natural gas fields in the Canadian Arctic, the National Post newspaper reported on Friday.

The company is looking for bids on its fields in the Mackenzie River delta, as well as its stake in a planned pipeline that would carry that gas to southern markets, the paper said, citing a document announcing the asset sale.

The pipeline project, approved by regulators earlier this year, is also backed by Imperial Oil Ltd (IMO.TO: Quote), ConocoPhillips (COP.N: Quote), Exxon Mobil Corp (XOM.N: Quote) and the Aboriginal Pipeline Group.

Shell could not be immediately reached for comment. (Reporting by Scott Haggett; editing by Rob Wilson)

http://af.reuters.com/article/commoditiesNews/idAFN1E76E1C220110715