Shell to Sell Stake in Western Australia Project in $1.45 Billion Deal

04:15 AM EST, 11/03/2026 (MT Newswires) -- Shell (SHEL) Australia agreed to sell its roughly 17% non-operated interest in the North West Shelf project in Western Australia to XRG subsidiaries for a base consideration of $1.45 billion, plus a milestone-based payment, Shell said Tuesday. The deal for the liquefied natural gas and domestic gas development project includes the company's associated upstream, pipeline and midstream interests. Closing is expected to occur in 2027, subject to regulatory approvals and other customary conditions, Shell said.