XRG Agrees to Buy Shell’s 16.67% North West Shelf LNG Stake for $1.45 Billion
Abu Dhabi investment company XRG agreed to acquire Shell’s non-operated interest in the Australian project, gaining access to 14.3 million tonnes per annum of liquefaction capacity.
By Staff WriterAbu Dhabi’s investment company XRG has agreed to acquire Shell’s 16.67% non-operated interest in an Australian liquefied natural gas (LNG) project for $1.45 billion.The North West Shelf acquisition gives XRG access to 14.3 million tonnes per annum of gas liquefaction capacity.Wholly…