Shell Floats Sale of $3 Billion Stake in Australia LNG Plant

Shell Plc is exploring the sale of its interest in the A$34 billion ($22 billion) North West Shelf liquefied natural gas export plant in Western Australia, according to people with knowledge of the matter.

The gas major is testing the market for possible buyers of its 16.67% stake in the project, which could be worth more than $3 billion, the people said, asking not to be identified because they’re not authorized to speak to media.