Shell looks to raise US$2 billion from sale of stake in Queensland LNG facilities

Shell looks to raise US$2 billion from sale of stake in Queensland LNG facilities

Royal Dutch Shell is looking to looking to raise more than US$2 billion from the sale of a 26.25per cent stake in the common facilities at its Queensland Curtis LNG plant in Australia, according to a sale flyer seen by Reuters.

Filled oil drums are seen at Royal Dutch Shell Plc's lubricants blending plant in the town of
FILE PHOTO - Filled oil drums are seen at Royal Dutch Shell Plc's lubricants blending plant in the town of Torzhok, north-west of Tver, November 7, 2014. REUTERS/Sergei Karpukhin/File Photo

MELBOURNE: Royal Dutch Shell is looking to looking to raise more than US$2 billion from the sale of a 26.25per cent stake in the common facilities at its Queensland Curtis LNG plant in Australia, according to a sale flyer seen by Reuters.

The sale, being run by Rothschild & Co, is described as a "multi-billion-dollar investment opportunity" is due to be completed in 2020, the document showed.

(Reporting by Sonali Paul in Melbourne and Paulina Duran in Sydney; Editing by Clarence Fernandez)

Source: Reuters

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