Shell signs long-term SAF agreement from planned Morocco facility

Shell agreed to sell its 16.67% stake in Australia's North West Shelf LNG project to ADNOC's XRG for $1.45 billion, with an additional milestone-linked payment. The deal is expected to close in 2027 as Shell focuses on higher-return opportunities. Shell plans to grow LNG sales by 4-5% annually until 2030.

Shell agreed to sell its 16.67% stake in Australia's North West Shelf project to ADNOC's XRG for $1.45 billion, with additional payments tied to milestones.

Abu Dhabi National Oil Company (ADNOC) will pay at least $2.08 billion to buy Shell's stake in the North West Shelf venture, marking its entry into Australian LNG. An additional payment will be made if the Browse gas field development proceeds.

Blackstone and Canadian pension funds will invest $3.1 billion to buy 49.9% of Mitsubishi Corp.'s stake in LNG Canada. Mitsubishi retains 15% of the LNG export plant, which is expanding capacity to 28 million tonnes per year. LNG Canada is a $40 billion project led by Shell, with other partners including Petronas, PetroChina, and Korea Gas.

Shell signed a long-term agreement with Green Sky Manara to buy 150,000 tonnes/year of sustainable aviation fuel (SAF) from a new plant in Morocco, starting in 2028. The deal aligns with Shell's strategy to provide low-carbon fuels and build resilient supply chains, according to the company.

Shell signed a long-term deal with Green Sky Manara to buy 150,000 tonnes/year of sustainable aviation fuel (SAF) from a Moroccan facility starting in 2028. The $239M project, partly financed by EBRD, will use waste-based materials and create jobs. Shell aims to expand its low-carbon fuel supply.