EL7.AI
StocksMedium•4 November 2026•
1 min read

Shell to Sell North West Shelf LNG Stake to XRG for $1.45 Billion

Key Facts

1Shell has agreed to sell its 16.67% interest in the North West Shelf LNG project and related assets to XRG for $1.45 billion.

Shell has agreed to sell its 16.67% interest in the North West Shelf LNG project and related assets to XRG for a base consideration of $1.45 billion. Benzinga reported that the deal includes potential milestone payments in addition to the base price. The divestment is part of Shell's ongoing strategy to optimize its global LNG portfolio and focus on core high-margin assets.

SHEL closed at $104.2 on November 3, 2026, after reaching a day high of $104.99 and a low of $103.78. This corporate action follows significant economic updates in Australia, where building permits rose by 5.1% in November 2026, and the Reserve Bank of Australia raised interest rates to 4.85% on November 3, 2026.

The market is awaiting the release of Australia's Balance of Trade data on November 5, 2026, which will provide further context for the export sector where the North West Shelf project operates.

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