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2026-11-03 14:16:26
Shell Sells Stake in Northwest Shelf Project in Australia, Raises Long-Term LNG Sales Targets ⑴ Shell's Australian subsidiary has signed an agreement to sell its 16.67% non-operating interest in the Northwest Shelf project for a base transaction price of US$1.39 billion. ⑵ The divestiture is expected to close in 2027, pending regulatory approvals. ⑶ Shell has set new operating targets, aiming for a steady 4% to 5% annual growth in LNG sales by 2030. ⑷ Industry Analysis: Shell continues to divest mature, non-core oil and gas assets to recoup cash and focus its investments on low-cost LNG projects, optimizing its overall asset structure.
