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

Abu Dhabi's energy investment arm XRG agreed to pay $1.45 billion for Shell Plc's stakes in an Australian natural gas project, marking its latest global expansion deal. The acquisition adds to a series of investments as XRG seeks to grow its international portfolio. Financial details of the transaction were disclosed in a statement, with completion expected pending regulatory approvals.