Shell is in negotiations with Middle Eastern capital to sell its stake in the Northwest Australian Continental Shelf LNG project

NightAirdropper · 2026-02-27T05:48:00+00:00

Shell is negotiating with multiple companies to sell a minority stake in its AU$34 billion natural gas export project in Western Australia. Potential buyers include Abu Dhabi National Oil Company and Saudi Aramco. The discussions regarding the sale of equity in the project are still in the preliminary stage, and Shell stated that it will continue to evaluate its asset portfolio.

NightAirdropper

2026-02-27 05:48:00

Abstract generation in progress

Shell is in negotiations with several companies, including entities under Abu Dhabi National Oil Company (ADNOC), to sell a minority stake in its Northwest Australia offshore natural gas export project valued at AUD 34 billion (approximately USD 24 billion). Sources say discussions with bidders such as ADNOC’s investment arm XRG and Midocean Energy, which is partly owned by Saudi Aramco, are still in the early stages. Other potential buyers are also paying attention. Shell has been increasing its investment in liquefied natural gas. However, media reports last September indicated that Shell was considering selling its 16.67% stake in the Northwest Australia project, as the facility planned to transform into a third-party tolling plant. A spokesperson stated that Shell regularly reviews its asset portfolio to support prudent capital allocation. We continue to work closely with our Northwest Australia project partners to create value, maximize future performance, and meet customer needs.

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