Shell, Mitsubishi Explore LNG Canada Stake Sales, Reuters Says, Citing Sources

Dow Jones01-19 17:35

--Energy major Shell and Japan's Mitsubishi Corp are considering selling stakes in their $28.8 billion LNG Canada project, and have both hired investment bankers to advise them on a deal, Reuters reported late Friday, citing unnamed sources.

--Shell has a 40% stake in the project and could offload as much as three-quarters of its holding--or 30% of the project--Reuters reported, citing the sources. Mitsubishi, which holds a 15% stake, is considering a sale but how much it could sell wasn't ascertained, the report said.

--Representatives for Shell declined to comment, while a Mitsubishi representative wasn't immediately available for comment, Reuters reported.

Full story: https://shorturl.at/jsGDx

Write to Adam Whittaker at adam.whittaker@wsj.com

(END) Dow Jones Newswires

January 19, 2026 04:35 ET (09:35 GMT)

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