Adnoc is rapidly expanding its global gas portfolio, with its XRG subsidiary taking the lead. The Abu Dhabi state energy firm used its flagship Adipec conference in Abu Dhabi this week to announce major deals that lay the groundwork for substantial growth in the coming years.
On 3 November, XRG announced an agreement to acquire Shell’s 16.67% stake in Australia’s North West Shelf project (Woodside Energy 33.33%op, BP 16.67%, Chevron 16.67%, Japan Australia LNG 16.67%, Shell 16.67%). The facility has 14.3mn t/y of liquefaction capacity and 4.4Tcf of remaining reserves, XRG said. (CONTINUED - 1709 WORDS)
