Royal Dutch Shell to disinvest its stake in LNG plant

Royal Dutch Shell Public Limited is planning to divest 15 per cent of its stake in an LNG export plant in Malaysia. The sale of its stake in MLNG Tiga Sendirian, which owns the LNG terminal on Borneo Island, is expected to raise about $1 billion. The disinvestment decision comes as part of the company’s bid to reduce its increasing debt following its merger with the BG Group. Further, the company is planning to raise about $30 billion through asset sales by 2018.