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XRG to Buy Shell’s Stake in Australian Project for $1.45 Billion

Bloomberg Markets Tuesday 03 November 2026, 06:06 UTC By Anthony Di Paola 1 min read
Key Points

XRG to Buy Shell’s Stake in Australian Project for $1.45 Billion The energy investment arm of Abu Dhabi’s state oil producer agreed to pay $1.45 billion for Shell Plc’s stakes in an Australian natural gas project, the latest in a series of deals as it seeks to expand around the world. XRG, the energy investment arm of Abu Dhabi National Oil Co., will buy the stake in the North West Shelf liquefied natural gas project to gain greater access to customers in the Asia-Pacific region, the company...

XRG to Buy Shell’s Stake in Australian Project for $1.45 Billion The energy investment arm of Abu Dhabi’s state oil producer agreed to pay $1.45 billion for Shell Plc’s stakes in an Australian natural gas project, the latest in a series of deals as it seeks to expand around the world. XRG, the energy investment arm of Abu Dhabi National Oil Co., will buy the stake in the North West Shelf liquefied natural gas project to gain greater access to customers in the Asia-Pacific region, the company said. XRG will get access to a facility with capacity to liquefy 14.3 million tons a year of gas, it said.
Shell (ORG) Australian Project (ORG) Abu Dhabi’s (LOCATION) Shell Plc’s (ORG) Australian (ORG) Abu Dhabi National Oil Co. (ORG) the North West Shelf (LOCATION) Asia (LOCATION) XRG (ORG)
Originally published by Bloomberg Markets Read original →

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