LONDON, Jan 20 (Reuters) - Oil major Royal Dutch Shell said on Monday it had agreed to sell small stakes in aliquefied natural gas project and related joint venture inAustralia for $1.14 billion to Kuwait's Foreign PetroleumExploration Company.
"Shell will remain a major player in Australia's energyindustry. However, we are refocusing our investment to where wecan add the most value with Shell's capital and technology,"Shell's chief executive Ben van Beurden said in a statement.
Shell said it was divesting an 8 percent stake in theWheatstone-Iago joint venture and a 6.4 percent interest in theWheatstone liquefied natural gas project in Western Australia.
