Royal Dutch Shell Group .com Rotating Header Image

Shell pursuing $1B exit from Indonesia LNG project – Reuters

|About: Royal Dutch Shell plc (RDS.A)|By: , SA News Editor

Royal Dutch Shell (RDS.A, RDS.B) is moving to sell its stake in Indonesia’s $15B Abadi liquefied natural gas project, Reuters reports, part of its ongoing asset disposal program to raise cash to help pay for its $54B purchase of BG Group in 2015.

Shell hopes to raise ~$1B from the sale of its 35% stake in the Abadi project, according to the report.

Project construction was due to start in 2018 but was delayed in 2016 until at least 2020 after Indonesian authorities instructed a switch from an offshore to an onshore facility.

Abadi is not expected to be operational until at least 2026, but 65%-owner Inpex has started preliminary front end engineering design for an LNG plant with an annual capacity of 9.5M mt.


This website and sisters,,,, and, are owned by John Donovan. There is also a Wikipedia segment.

Comments are closed.