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.
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Royal Dutch Shell PLC said it would write down the value of its assets by up to $4.5 billion and warned of another set of poor earnings for the fourth quarter, showing how the oil-and-gas industry continues to struggle amid the fallout of the pandemic.
TOP NEWS: Shell To Book Fourth Quarter Charges Of Up To USD4.5 Billion
Mon, 21st Dec 2020 10:07
(Alliance News) - Royal Dutch Shell PLC on Monday said it expects charges of up to USD4.5 billion due to impairments, asset restructuring and onerous contracts in the fourth quarter.
For Integrated Gas, production is expected to be between 900,000 and 940,000 barrels of oil equivalent per day in the fourth quarter. LNG liquefaction volumes are expected to be between 8.0 and 8.6 million tonnes.
In Upstream, production is expected to be between 2.3 million and 2.4 million barrels of oil equivalent per day. The unit is expected to post an adjusted loss in the current price environment, the firm said.
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.
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