Shell considers $2bn sale of stake in Queensland facilities

Royal Dutch Shell is considering raising more than $2bn from the sale of a stake in the common facilities at its Queensland Curtis LNG plant in Australia, reported Reuters on Wednesday.

“Royal Dutch Shell plc (“Shell”) is considering a sale of a 26.25% interest in the Queensland Curtis LNG (“QCLNG”) Common Facilities - a multibillion dollar investment opportunity,” the sale flyer seen by Reuters said.

Although Shell did not comment on the subject and said it was market speculation, a source close to the matter said that the stake could fetch between $2bn and $3bn.

The sale will be run by Rothschild & Co and is set to be completed this year.

Royal Dutch Shell stock was up 4,02% on Wednesday and was trading at 1,331p.