Shell in Talks With Adnoc, Others Over LNG Plant Stake Sale

Shell Plc is in talks with companies including a unit of Abu Dhabi National Oil Co. over a minority stake in its A$34 billion ($24 billion) North West Shelf gas export plant in Western Australia, according to people with knowledge of the matter.

The sale discussions with Adnoc’s XRG investment arm and suitors including Midocean Energy LLC, which counts Saudi Aramco as an investor, are at initial stages, said the people, who have direct knowledge of the negotiations.