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Shell sells Australian LNG project stake to GIP in $2.5B deal

Shell sells Australian LNG project stake to GIP in $2.5B deal

Dec. 20, 2020, 10:06 PM ET Royal Dutch Shell plc (RDS.A)By Carl SurranSA News Editor
  • Royal Dutch Shell (RDS.ARDS.Bagrees to sell a 26.25% interest in the Queensland Curtis LNG Common Facilities in eastern Australia to Global Infrastructure Partners for US$2.5B.
  • Shell will remain a 73.75% majority owner and operator of the Common Facilities, which include liquefied natural gas storage tanks, jetties and operations infrastructure that service the QCLNG facility’s production units.

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