Anglo-Dutch Shell has completed the sale of a 26.25% interest in the Queensland Curtis LNG (QCLNG) Common Facilities to Global Infrastructure Partners Australia for US$2.5bn, it said on March 15.  

The common facilities were 100% owned by Shell and include LNG storage tanks, jetties, and operations infrastructure that service QCLNG’s LNG trains. Shell will remain the majority owner and operator of the facilities.  

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The sale was announced in December last year and “is consistent with Shell’s strategy of selling non-core assets in order to further high-grade and simplify Shell’s portfolio.”  

Besides Shell, other partners in the QCLNG project include Cnooc and Tokyo Gas. The two-train, 8.5mn metric tons/year liquefaction plant produces LNG from coalbed methane.