The sale was announced on December 21, 2020, and is consistent with Shell s strategy of selling non-core assets in order to further high-grade and simplify Shell s portfolio. The. | March 16, 2021
Advertisement
Shell has sold a minority interest in Queensland Curtis LNG (QCLNG) Common Facilities to Global Infrastructure Partners.
QGC Common Facilities Company Pty Ltd, a wholly-owned subsidiary of Shell, has announced it has completed 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, following the receipt of regulatory approval.
The sale was announced on 21 December 2020, and is consistent with Shell’s strategy of selling non-core assets in order to further high-grade and simplify Shell’s portfolio. The transaction has an economic reference date of 1 January 2021.
The sale will contribute to Shell’s expected divestment proceeds, without impact on people or the operations of the QCLNG venture.
Published: 15 Mar 2021, 12:57
By:
Andy Colthorpe
Render of a large-scale energy storage project of the type Wärtsilä will deliver for Able Grid and its customer, a power producer. Wärtsilä built Texas Waves, one of the state s first grid-scale storage projects, completed in early 2018. Image: Wärtsilä Corporation.
Two standalone battery energy storage systems (BESS) totalling 200MW of output will be deployed in Texas’ ERCOT market by the energy division at Wärtsilä Corporation.
Finland-headquartered marine and power systems technology manufacturer, which has become one of the biggest system integrators for energy storage in the US market, said today that it has been awarded contracts for the two projects in Southern Texas by developer Able Grid Energy Solutions.
Paul Scurrah back in the driverâs seat, this time at Pacific National
Save
Share
Spurned Virgin Australia boss Paul Scurrah is set to take the reins at Australiaâs biggest private-sector freight company, Pacific National.
Street Talk understands Scurrah will be appointed as Pacific National chief executive officer, overseeing a complex $10 billion enterprise with $2.5 billion annual revenue, more than 3000 employees and operations in 70 locations across Australia.
Former Virgin Australia boss Paul Scurrah is understood to be taking on another complex CEO job. Â
Dan Peled
It is understood Scurrah, 53, was recently approached by Pacific Nationalâs major shareholders â a bunch of pension and sovereign wealth funds spearheaded by American infrastructure investment heavyweight Global Infrastructure Partners â to replace current boss Dean Dalla Valle, who has run the group since it was acquired as part of Ascianoâs takeover in mid-2016.
Shell completes $2 5bn Australian LNG asset sale upstreamonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from upstreamonline.com Daily Mail and Mail on Sunday newspapers.