Gas
Shell Sells North West Shelf LNG Stake to Abu Dhabi’s XRG for $1.45 Billion
CEII brief
OilPrice.com reported on 3 Nov 2026: Shell Sells North West Shelf LNG Stake to Abu Dhabi’s XRG for $1.45 Billion.
Read the full story on OilPrice.comShell 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.
Context from CEII
Gas is the flexible backbone of many grids and the designated transition fuel in many national plans, from LNG trade to domestic LPG and CNG. Supply security and pricing drive both power reliability and emissions.
17.0% of electricity in Australia came from gas in 2025Countries in this story
Original reporting © OilPrice.com. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
