Royal Dutch Shell Sells QCLNG Infrastructure Stake for $2.5 Billion
20 Dezembro 2020 - 10:16PM
Dow Jones News
By David Winning
SYDNEY--Royal Dutch Shell PLC said it has agreed to the US$2.5
billion sale of a 26.25% stake in a unit that owns infrastructure
critical to the Queensland Curtis liquefied-natural-gas export
facility in eastern Australia.
Royal Dutch Shell said it is selling the stake in the unit,
known as QGC Common Facilities Company Pty Ltd., to Global
Infrastructure Partners Australia and expects the transaction to
complete in the first half of 2021.
The infrastructure includes LNG storage tanks and jetties that
service the QCLNG facility's production units.
Royal Dutch Shell said the deal will align its interest in the
infrastructure unit with its 73.75% stake in the overall QCLNG
venture.
Write to David Winning at david.winning@wsj.com
(END) Dow Jones Newswires
December 20, 2020 20:01 ET (01:01 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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