Shell Sells North West Shelf LNG Stake to Abu Dhabi's XRG for $1.45 Billion

OilPrice.com · Tsvetana Paraskova · 2026-11-03 11:00 UTC

Shell has agreed to sell its 16.67% stake in Australia's North West Shelf LNG project to UAE-based XRG for $1.45 billion as it refocuses its gas portfolio.

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Shell is selling its 16.67% non-operated interest in the North West Shelf LNG project in Australia to the United Arab Emirates’ XRG for US$1.45 billion as part of its strategy to disciplined capital allocation and portfolio choices.

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