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

XRG, the energy investment arm of Abu Dhabi's state oil producer, agreed to purchase Shell's stakes in an Australian natural gas project for $1.45 billion. The transaction is part of XRG's expansion strategy in energy assets globally. Shell did not publicly disclose the timing or other terms of the sale.

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

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