Shell signs long-term SAF supply agreement for proposed Morocco biorefinery

ADNOC's investment arm, XRG, will buy Shell's (SHEL) stake in an Australian LNG plant for $1.45B, expanding its global energy portfolio.

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 is selling a 16.67% stake in the Australian North West Shelf LNG project to Abu Dhabi National Oil Company's XRG for $1.45 billion. The deal gives XRG access to a facility with 14.3 million tonnes annual capacity, supporting its goal to become a top 5 LNG supplier. Shell plans to transition the asset to a third-party tolling model.

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.