Shell Weighs $24 Billion Stake Sale in Australian LNG Project

Shell in Talks With Adnoc, Others Over LNG Plant Stake Sale

Shell in Talks With Adnoc, Others Over Australia LNG Stake Sale

(Bloomberg) — Shell Plc is in talks with companies including a unit of Abu Dhabi National Oil Co. over a minority stake in its A$34 billion ($24 billion) North West Shelf gas export plant in Western Australia, according to people with knowledge of the matter.

Shell Weighs $24 Billion Stake Sale in Australian LNG Project

Shell is in talks with ADNOC and Midocean Energy on the potential sale of its minority stake in the Australian North West Shelf LNG project, Bloomberg has reported, citing unnamed sources. The supermajor holds a 16.67% in the project, which is worth some $24 billion. An earlier Bloomberg report said Shell had started considering a sale following changes to how the North West Shelf project would operate, namely as a so-called third-party tolling …

Shell’s $24 Billion “Energy Transition”: Selling LNG to Adnoc While the Climate Clock Ticks

In the ever-evolving theatre of global energy, Shell plc appears to be rehearsing another familiar act: trim the portfolio, cash in on hydrocarbons, and call it “discipline.” According to multiple industry reports in February 2026, Shell is in talks with Abu Dhabi National Oil Company (Adnoc) regarding the potential sale of its stake in a major Australian liquefied natural gas (LNG) project. Estimates suggest the stake could be valued at up to $…

Shell in talks with Adnoc to sell Australian LNG plant stake

Energy major Shell is reportedly in early talks with potential buyers, including a unit of Abu Dhabi state oil company Adnoc, to sell a minority stake in its A$34 billion ($24 billion) North West Shelf gas export plant in Western Australia. Discussions are at an initial stage with XRG, the low-carbon energy and chemicals investment arm of Adnoc, and Saudi Aramco-backed Midocean Energy, Bloomberg reported, quoting unidentified sources. In Septemb…

Shell in talks with Adnoc, others over Australian LNG stake sale

Shell plc is in talks with companies including a unit of Abu Dhabi National Oil Co over a minority stake in its A$34 billion (US$24 billion or RM94.2 billion) North West Shelf gas export plant in Western Australia, according to people with knowledge of the matter.