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Royal Dutch Shell Plc (LSE:RDSA) | RNS | ROYAL DUTCH SHELL PLC 2ND QUARTER 2021 AND HALF YEAR UNAUDITED RESULTS

Royal Dutch Shell Plc (LSE:RDSA) | RNS | ROYAL DUTCH SHELL PLC 2ND QUARTER 2021 AND HALF YEAR UNAUDITED RESULTS
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Allens advises on US$750m LNG infrastructure investment

Date Time Allens advises on US$750m LNG infrastructure investment Allens has advised Global Infrastructure Partners Australia (GIP) on its US$750 million investment into a newly established JV with TotalEnergies subsidiary, Total GLNG Australia (TGA), in relation to TGA’s interest in the Gladstone LNG Project’s downstream infrastructure facilities. TGA retains full control and ownership of its 27.5% interest in the Gladstone LNG Project joint venture. ‘We congratulate GIP on another landmark acquisition’, said lead Partner Igor Bogdanich. ‘The investment is a continuation of GIP’s broader strategy of targeting high-quality assets in sectors where it has deep knowledge, with a focus on complex transactions and strategic joint ventures and follows on from its US$2.5 billion purchase of an interest in Shell’s Queensland Curtis LNG common facilities earlier this year’.

Shell Sells Washington Refinery

Royal Dutch Shell s (NYSE: RDS.A) subsidiary, Equilon Enterprises LLC d/b/a Shell Oil Products U.S., has reached an agreement for the sale of its Puget Sound Refinery near Anacortes, Washington. Royal Dutch Shell’s (NYSE: RDS.A) subsidiary, Equilon Enterprises LLC d/b/a Shell Oil Products U.S., has reached an agreement for the sale of its Puget Sound Refinery near Anacortes, Washington. The refinery is being sold to a subsidiary of HollyFrontier Corporation, an independent refiner headquartered in Texas, for $350 million in cash, plus the value of the hydrocarbon inventory. This inventory will be valued at closing based on actual volumes and prevailing market prices, although its current value is said to range from $150 million to $180 million.

ROYAL DUTCH SHELL PLC FIRST QUARTER 2021 UNAUDITED RESULTS

Press release content from Globe Newswire. The AP news staff was not involved in its creation. ROYAL DUTCH SHELL PLC FIRST QUARTER 2021 UNAUDITED RESULTS Shell International B.V.April 29, 2021 GMT       Note 2     D   1.     Q1 on Q4 change. 2.     Adjusted Earnings is defined as income/(loss) attributable to shareholders plus cost of supplies adjustment (see Note 2) and excluding identified items (see Reference A).   First quarter 2021 income attributable to Royal Dutch Shell plc shareholders was $5.7 billion, which included net gains on sale of assets of $1.4 billion and gains of $0.4 billion due to the fair value accounting of commodity derivatives, partly offset by redundancy and restructuring charges of $0.5 billion, mainly related to the restructuring plan named Reshape.

ROYAL DUTCH SHELL PLC FIRST QUARTER 2021 UNAUDITED RESULTS

ROYAL DUTCH SHELL PLC FIRST QUARTER 2021 UNAUDITED RESULTS
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