MANILA, Sept 24 (Reuters) - Royal Dutch Shell PLC RDSa.L
is looking to sell its 45% stake in the Malampaya gas-to-power
project in the Philippines, the key power source of the
country's main island of Luzon, its local unit said on Thursday.
"As part of an ongoing portfolio rationalisation to simplify
and increase the resilience of its business, Shell is exploring
its options with a view to divest its interest" in Malampaya, a
spokeswoman told Reuters.
"Shell would ensure a smooth transition of the asset to a
credible buyer who would be well placed to optimise the value
from Malampaya," the spokeswoman said in response to emailed
questions, which mentioned no potential buyers.