southern exposure

XRG buys Shell stake in Australia LNG project for $1.45 billion

ADNOC’s subsidiary expands overseas as QatarEnergy builds its U.S. portfolio to supply customers beyond the disrupted Strait of Hormuz

Giuseppe CACACE / AFP via Getty Images

XRG's booth at the ADIPEC exhibition hall in Abu Dhabi

Abu Dhabi’s XRG is buying its first Australian gas asset as Gulf energy producers expand overseas to supply customers beyond the Strait of Hormuz.

The ADNOC subsidiary agreed to pay $1.45 billion for Shell’s 16.7% stake in the...