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QGC Common Facilities Company has completed the sale of a 26.25 percent interest in the Queensland Curtis LNG Common Facilities to Global Infrastructure Partners Australia for $2.5 billion. Shell’s (NYSE: RDS.A) wholly owned subsidiary, QGC Common Facilities Company Pty Ltd, has revealed that it has completed the sale of a 26.25 percent interest in the Queensland Curtis LNG (QCLNG) Common Facilities to Global Infrastructure Partners Australia for $2.5 billion. The sale, which was first announced on December 21, 2020, is consistent with Shell’s strategy of selling non-core assets in order to further high-grade and simplify its portfolio, Shell noted. Shell said the sale will contribute to its expected divestment proceeds, without impact on people or the operations of the QCLNG venture.

Niger deltaNigeria generalOil mining leaseCairn energyCrescent point energy corpShell canada energyCommon facilities company pty ltdShell petroleum development company of nigeriaCheiron petroleum corporationFacilities company pty ltdQueensland curtisCommon facilitiesGlobal infrastructure partners australiaTokyo gasInfrastructure partners australiaGlobal infrastructure partners