Abu Dhabi's XRG Explores Stake in Shell-Backed LNG Canada Project
Abu Dhabi-based investment firm XRG is considering acquiring a stake in the Shell-led LNG Canada export project, according to Bloomberg. The company has reportedly been engaging with current stakeholders such as PetroChina about potential purchases of their shares. This move could diversify XRG's energy portfolio and align with growing global demand for liquefied natural gas (LNG). The LNG Canada facility is one of the largest private-sector projects in Canadian history, backed by major international oil companies including Shell, which holds a significant stake through its partnership structure. A potential investment from XRG could provide additional financial support and strategic direction to the project as it moves toward full production. Such an acquisition would reflect broader trends of Middle Eastern capital seeking long-term energy investments in North America.
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Topics: Energy Infrastructure Investment Talks LNG