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

The energy investment arm of Abu Dhabi’s state oil producer, XRG, has agreed to acquire Shell Plc’s stakes in an Australian natural gas project. The deal is valued at $1.45 billion. This acquisition represents the latest in a series of strategic transactions as XRG seeks to expand its operations around the world. The agreement focuses specifically on the Australian LNG project, marking a significant move in the company's global energy investment strategy and portfolio growth.