Shell has confirmed that it has completed the sale of a 26.25 per cent interest in the Queensland Curtis liquefied natural gas (QCLNG) common facilities to Global Infrastructure Partners Australia.
The company’s subsidiary QGC Common Facilities sold the interest for $US2.5 billion ($3.25 billion), following the receipt of regulatory approval.
The sale was announced on December 21, 2020, and is consistent with Shell’s strategy of selling non-core assets to further high-grade and simplify its portfolio.
Northbridge Industrial Services plc (LON:NBI) hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, Brazil and Korea, Northbridge has a global customer base.