Shell has sold a 26-percent stake in an Australian LNG project to Global Infrastructure Partners for $2.5 billion as part of efforts to reduce the weight of non-core assets in its portfolio, the company said. The price of the divestment, which will leave Shell the majority owner of the project Queensland Curtis LNG, suggests that the supermajor has picked a good time for the divestment.
The outlook for LNG is still bright despite an extended price rout that started last year and continued into this year, and Australia is one of the focal points…Shell Divests LNG Stake For $2.5 Billion
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