Australia: Shell sells minority interest in QCLNG Common Facilities infrastructure for US$2.5 billion
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 st...