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Royal Dutch Shell sells QCLNG stake
Energy
- 21 December, 2020
- 08:25
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Royal Dutch Shell PLC said it has agreed to the US$2.5 billion sales of a 26.25% stake in a unit that owns infrastructure critical to the Queensland Curtis liquefied-natural-gas export facility in eastern Australia.
Royal Dutch Shell noted that it is selling the stake in the unit, known as QGC Common Facilities Company Pty Ltd., to Global Infrastructure Partners Australia and expects the transaction to complete in the first half of 2021.
The infrastructure includes LNG storage tanks and jetties that service the QCLNG facility's production units.
Royal Dutch Shell said the deal would align its interest in the infrastructure unit with its 73.75% stake in the overall QCLNG venture.
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