Abu Dhabi’s XRG Is Said to Eye Stake in Shell-Backed LNG Canada

🇨🇦 Bloomberg (CA) —

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Abu Dhabi's state-owned XRG is considering acquiring a stake in the Shell-led LNG Canada export project as part of its ambition to become a major global natural gas supplier. This move aligns with its plans for expanding influence in the energy sector.

Abu Dhabi’s XRG is exploring the acquisition of a stake in the Shell Plc-led LNG Canada export project, as the state-owned group pursues plans to become a major global supplier of natural gas, people familiar with the matter said.

Markets Deals Energy Abu Dhabi XRG LNG Canada Shell natural gas energy sector acquisition plans

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