Shell to sell US$1.5 billion stake in Australian LNG plant to Adnoc energy investment arm

Abu Dhabi's XRG will buy Shell's 16.67% stake in the North West Shelf LNG project for $1.45B, with the deal expected to close in 2027. Shell will receive additional payments and XRG will assume decommissioning obligations. The project is operated by Woodside and includes other major energy companies.

Shell Aviation signed a long-term agreement to buy SAF from Green Sky Manara LLC's proposed Morocco biorefinery, expected to produce 150,000 tonnes annually. The facility, using HEFA technology, will also produce renewable diesel and bio-based products, starting operations in late 2028. This expands Shell's partnership with Green Sky Capital, which includes a similar agreement for a biorefinery in Egypt.

Shell (SHEL) sold a 16.67% stake in Australia’s North West Shelf LNG project for $1.45B, targeting 4-5% annual LNG sales growth through 2030. It signed a 5-year LNG supply deal with Metlen Energy and a sustainable aviation fuel agreement in Morocco. Shell also announced a share buyback program.

Shell's subsidiary will sell its 16.67% stake in the North West Shelf project to XRG for $1.45B, with an additional milestone-linked payment. The deal, expected to close in 2027, includes upstream interests and infrastructure. Shell plans to grow LNG sales by 4-5% annually to 2030. The NWS project is a joint venture involving multiple energy companies.

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.