Supermajor Shell has agreed to sell a combined 15% equity share in its Prelude floating liquefaction project to Korea Gas Corporation and CPC.
Kogas has snagged a 10% stake in the giant Australian production project, while CPC has bagged 5%.
Shell said the deals were inked in the first quarter of 2012 and the proceeds are expected later in the year.
“The completion of these transactions is subject to conditions precedent including regulatory approvals,” said Shell.
The
