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Coverage dated November 3, 2026

Shell Sells North West Shelf LNG Stake to Abu Dhabi's XRG for $1.45 Billion

Headline from Oil Price

Shell is selling its 16.67% non-operated interest in the North West Shelf LNG project in Australia to the United Arab Emirates’ XRG for US$1.45 billion as part of its strategy to disciplined capital allocation and portfolio choices.

Oil Price's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

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Reports & sources

3 articles, oldest first.

  1. Bloomberg

    XRG to Buy Shell’s Stake in Australian Project for $1.45 Billion (opens Bloomberg)

    Published

    Bloomberg's feed description

    The energy investment arm of Abu Dhabi’s state oil producer agreed to pay $1.45 billion for Shell Plc’s stakes in an Australian natural gas project, the latest in a series of deals as it seeks to expand around the world.

  2. Independent Journal Review

    XRG agrees $1.45bn deal to buy Shell stake in North West Shelf (opens Independent Journal Review)

    Published

    Independent Journal Review's feed description

    Abu Dhabi’s XRG agreed to buy Shell’s 16.67% stake in Australia’s North West Shelf LNG project for $1.45 billion, with an additional payment tied to development of the Browse gas field. The deal would expand XRG’s access to Asia-Pacific gas markets and is expected to close in 2027, subject to approv…

  3. Oil Price

    Shell Sells North West Shelf LNG Stake to Abu Dhabi's XRG for $1.45 Billion (opens Oil Price)

    Published

    Oil Price's feed description

    Shell is selling its 16.67% non-operated interest in the North West Shelf LNG project in Australia to the United Arab Emirates’ XRG for US$1.45 billion as part of its strategy to disciplined capital allocation and portfolio choices.