Shell Inks Deal for LNG Canada Stake Amid Repositioning Efforts

Shell is repositioning its business to focus on profitable core gas assets while shedding peripheral operations. The company is in talks with Abu Dhabi's XRG to acquire a stake in LNG Canada, the export terminal on Canada's west coast that Shell operates.

The partnership would free up fresh capital and broaden the project's international partner base. Shell has been concentrating on profitable gas assets as it keeps returning capital to shareholders through buybacks and asset sales.

In another move, Shell resolved a months-long pricing dispute with Trinidad and Tobago's National Gas Company over the offshore Aphrodite gas field. The agreement clears the path for first gas production in the second quarter of 2027.