Royal Dutch Shell is in early discussions to divest part or all of its 40% equity interest in the C$40 billion LNG Canada project, according to sources close to the process. The talks, led by Shell’s London headquarters and supported by financial adviser Goldman Sachs, aim to monetize an asset that began production in late 2025 and has a design capacity of 14 million tonnes per year. Shell’s stake is valued at roughly C$16 billion based on project construction costs, and a successful sale could unlock capital for its low-carbon energy investments and debt reduction. Potential bidders include major Asian utilities and trading houses seeking long-dated liquefied natural gas supply contracts. Any transaction would require approval from Canadian regulators and co-owners, including Petronas (25%), Mitsubishi (15%), PetroChina (15%) and Kogas (5%). Shell hopes to complete the divestment by the second half of 2026, a timeline that would allow the company to redeploy proceeds ahead of its next strategic review.