Australia: Shell sells minority interest in QCLNG Common Facilities infrastructure for US$2.5 billion
21 Dec 2020
Shell, has agreed to the sale of a 26.25% interest in the
Queensland Curtis LNG (QCLNG) Common Facilities to
Global Infrastructure Partners Australia for US$2.5 billion.
The Common Facilities are currently 100% owned by Shell and include LNG storage tanks, jetties and operations infrastructure that service QCLNG’s LNG trains. Upon completion of the transaction, Shell will remain majority owner and operator of the Common Facilities.
This decision is consistent with Shell’s strategy of selling non-core assets in order to further high-grade and simplify Shell’s portfolio. The sale will contribute to Shell’s expected divestment proceeds, without impact on people or the operations of the QCLNG venture, and aligns Shell’s interest in the Common Facilities with its 73.75% interest in the overall QCLNG venture.
Shell announces the sale of a minority interest in QCLNG Common Facilities infrastructure to Global Infrastructure Partners
édité le 21/12/2020 - Plus de news de SHELL - Voir la fiche entreprise de SHELL
QGC Common Facilities Company Pty Ltd, a wholly-owned subsidiary of Shell, announced it has agreed to the sale of a 26.25% interest in the Queensland Curtis LNG (QCLNG) Common Facilities to Global Infrastructure Partners Australia for US$2.5 billion.
The Common Facilities are currently 100% owned by Shell and include LNG storage tanks, jetties and operations infrastructure that service QCLNGs LNG trains. Upon completion of the transaction, Shell will remain majority owner and operator of the Common Facilities.
QGC Common Facilities Company Pty Ltd, a wholly owned subsidiary of Shell (NYSE: RDS.A), has agreed the sale of a 26.25 percent interest in the Queensland Curtis LNG (QCLNG) Common Facilities.
QGC Common Facilities Company Pty Ltd, a wholly owned subsidiary of Shell (NYSE: RDS.A), has announced that it has agreed the sale of a 26.25 percent interest in the Queensland Curtis LNG (QCLNG) Common Facilities to Global Infrastructure Partners Australia for $2.5 billion.
The Common Facilities are currently 100 percent owned by Shell and include LNG storage tanks, jetties and operations infrastructure that service QCLNG’s LNG trains. Upon completion of the deal, Shell will remain the majority owner and operator of the Common Facilities. The transaction is subject to regulatory approval in Australia and customary conditions and is expected to close in the first half of next year.