-- Apollo Global Management (APO), Blackstone (BX) and KKR (KKR) are among the final bidders for a major stake in Shell's (SHEL) LNG Canada project in a deal that could top $10 billion and reach as much as $15 billion, Reuters reported Thursday, citing sources.
The Shell-led sale could include stakes in both the project's operating first phase and its planned expansion, the report said.
Shell is weighing a partial sale of its 40% stake to raise capital while retaining exposure, with LNG Canada's direct access to Asian markets boosting its appeal amid tighter global energy supplies, Reuters added.
Apollo Global Management, Blackstone, KKR and Shell did not immediately reply to' request for comment.
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