Shell exits Australian LNG project, ADNOC's XRG acquires stake for $1.45B

Shell has sold its stake in a Woodside-operated LNG and gas development in Western Australia to ADNOC's XRG for $1.45 billion, signaling a strategic divestment from Australian gas assets. The deal underscores ADNOC's expansion into international LNG markets and reflects shifting ownership in Australia's energy sector. Financial terms and exact stake size remain undisclosed, but the transaction highlights ongoing consolidation in global LNG.

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