Shell has sold a 26.5% interest of its 100% stake in Queensland Curtis LNG (QCLNG) project to Global Infrastructure Partners Australia for $3.25 billion in a deal which includes LNG storage tanks, jetties and operations infrastructure.
“This decision is consistent with Shell’s strategy of selling non-core assets in order to further high-grade and simplify Shell’s portfolio,” Shell said in a statement.
“The sale will contribute to Shell’s expected divestment proceeds,...