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Global Infrastructure Partners Australia makes $2.5bn investment

Global Infrastructure Partners Australia makes $2.5bn investment
lawyersweekly.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lawyersweekly.com.au Daily Mail and Mail on Sunday newspapers.

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Shell Completes $2.5B Deal

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. ....

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Royal Dutch Shell : Shell announces completion of sale of minority interest in QCLNG Common Facilities infrastructure to Global Infrastructure Partners

The sale was announced on December 21, 2020, and is consistent with Shell s strategy of selling non-core assets in order to further high-grade and simplify Shell s portfolio. The. | March 16, 2021 ....

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- Shell announces completion of sale of...

- Shell announces completion of sale of...
euro-petrole.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euro-petrole.com Daily Mail and Mail on Sunday newspapers.

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Shell sells $2.5b stake in Curtis Island LNG plant

Shell sells $2.5b stake in Curtis Island LNG plant
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In the end-of-year rush to close out deals, global oil and gas giant Shell announced it has sold off over a quarter of its wholly owned Curtis Island LNG processing site to Global Infrastructure Partners Australia for $US2.5 billion ($3.3 billion), while Origin Energy told investors it has bought into Western Australia s Canning basin.
The Global Infrastructure Partners Australia fund will take a 26.5 per cent stake in Shell s $9.43 billion Queensland Curtis LNG (QCLNG) Common Facilities, which includes storage tanks, jetties and operations infrastructure that service QCLNG’s LNG trains, firming up Shell s strategy to sell non-core assets to simplify Shell s portfolio . ....

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