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Adnoc’s XRG to buy Australian LNG stake for $1.5bn

XRG , the international energy investment unit of Adnoc, has agreed to acquire Shell’s stake in an Australian natural gas project for $1.5 billion, as the company seeks to diversify its portfolio amid disruption to global energy markets caused by the Iran war. Abu Dhabi-based XRG will buy the stake in Australia's North West Shelf LNG project, marking its fir

Nov 3, 07:28 AM

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