Shell Engages in Discussions for Minority Stake in Australian Gas Plant

Shell is reportedly in negotiations with several companies, including a division of the Abu Dhabi National Oil Company (Adnoc), regarding the sale of a minority stake in its North West Shelf gas export facility in Western Australia. Bloomberg posted on X, citing unnamed sources familiar with the matter. The North West Shelf project, valued at A$34 billion ($24 billion), is one of Australia's largest resource developments. The discussions are part of Shell's broader strategy to optimize its portfolio and focus on energy transition initiatives. The outcome of these talks remains uncertain, and no final decisions have been made.