Repsol, S.A. (Repsol), formerly Repsol YPF, S.A., is an integrated oil and gas company engaged in exploration, development and production of crude oil and natural gas. It operates in five business segments: upstream, which is responsible for oil and gas exploration and production activities, except for those undertaken by YPF S.A. (YPF); LNG, which manages LNG midstream and marketing activities, except for those undertaken by YPF; downstream, which is responsible for refining and marketing of oil, chemicals and LPG, except for activities undertaken by YPF; YPF, which is responsible for the integrated value chain activities (exploration, production, refining, logistics, marketing and chemicals) undertaken by YPF, and gas natural, which corresponds to the sales activities for natural gas and power generation, distribution and sale of electricity. During the year ended December 31,2011, it acquired 10% shareholding in Agri Development, B.V. and British company Sea Energy Renewables.