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Shell sells stake in Australia's North West Shelf project and raises long-term LNG sales target

Shell sells stake in Australia's North West Shelf project and raises long-term LNG sales target

智通财经智通财经2026/11/03 06:36
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(1) Shell’s Australian subsidiary has signed an agreement to sell its 16.67% non-operating interest in the North West Shelf project, with a base transaction price of USD 1.39 billion. (2) The asset divestment transaction is expected to be completed in 2027, pending approval from relevant regulators. (3) Shell Group has set a new operational target and plans to maintain a steady annual LNG sales growth of 4% to 5% by 2030. (4) Industry interpretation: Shell continues to divest mature non-core oil and gas assets to recapitalize, focusing its capital on low-cost liquefied natural gas projects to optimize its overall asset structure.
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