not available at the time of publication
Main Business Activity
- No activities
Shell acquired BG Great Britain Ltd. (BGGB) through its acquisition of BG Group in 2016. BGGB is a UK-registered entity with a branch in the Palestinian Territories which held the Gaza Marine exploration licence. In 2017, Shell decided to divest its interest in the Gaza Marine licence and de-register the branch of BGGB in the Palestinian Territories. The sale of the interest was completed in 2018. Shell received no proceeds for this sale because the payment of any proceeds is contingent upon production start-up, which is uncertain. The deregistration of the branch in the Palestinian Territories is ongoing.
Shell reported a small loss in the Palestinian Territories due to the administrative costs of the branch.