March 15 (LNGJ) - Royal Dutch Shell has completed the sale of a 26.25 percent stake in the Queensland Curtis LNG export plant near Gladstone QGC for US$2.5 billion. The buyer was Global Infrastructure Partners Australia.
Shell said the sale was consistent with the Anglo-Dutch company’s strategy of selling non-core assets to simplify the portfolio. “The sale will contribute to Shell’s expected divestment proceeds, without impact on people or the operations of the QCLNG venture,” said Shell, which acquired the LNG project after taking over BG Group.
