Shell Divests 26.25% Stake in QCLNG for $2.5 Billion
Shell has sold a 26.25% interest in Queensland Curtis LNG Common Facilities to Global Infrastructure Partners Australia for $2.5 billion. This transaction marks a significant shift in mid-stream LNG asset ownership and highlights the ongoing investments in Australia's energy infrastructure.
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Shell has completed the sale of a 26.25% stake in Queensland Curtis LNG (QCLNG) Common Facilities to Global Infrastructure Partners Australia, generating $2.5 billion. As a result, Shell retains majority ownership and operation of critical infrastructure including LNG storage tanks and jetties.
The transaction, facilitated by Norton Rose Fulbright, reflects a notable investment trend in mid-stream LNG assets. Virtual negotiations and due diligence were conducted amid COVID-19, showcasing adaptability in legal and business operations. This sale may signal increased interest from infrastructure firms in LNG sectors, potentially reshaping future investments.
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