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XRG buys Shell’s stake in Australia’s North West Shelf

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Gulf News
“XRG buys Shell’s stake in Australia’s North West Shelf”

Abu Dhabi: XRG has agreed to buy Shell’s stake in Australia’s North West Shelf LNG project for $1.45 billion or Dh5.3 billion. The companies announced the deal on November 3. The purchase is still subject to regulatory approvals. Shell expects closing it in 2027, and the buyers will take on decommissioning obligations. According to a press release by Shell, it will be letting go of 16.67% non-operated interest in the North West Shelf (NWS). It also mentions an additional milestone-linked…

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