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Shell Sells North West Shelf LNG Stake to Abu Dhabi's XRG for $1.45 Billion
Nov 3, 2026Shell is monetizing a non-operated LNG interest and redirecting capital toward a more selective portfolio, which signals where the company sees better returns versus holding mature capacity. The buyer’s move into a major Australian LNG asset also points to continued strategic interest in long-life LNG exposure and could support deal pricing for similar upstream and midstream stakes.