Abu Dhabi’s state-linked energy group XRG is exploring the purchase of a stake in LNG Canada, a liquefied natural gas export project led by Shell, according to people familiar with the matter. The discussions relate to XRG potentially taking equity in the project.
The move fits XRG’s broader plans to expand its role in global natural gas supply. Bloomberg and the Financial Post both frame the potential investment as part of the company’s ambition to grow into one of the world’s leading natural gas suppliers. Neither outlet provides details on the size of the stake, timing, or the valuation, and both describe the situation as exploratory rather than final.
Overall, the coverage focuses on XRG’s strategic intent and the fact that LNG Canada is Shell-backed, while offering limited specifics on the terms or status of negotiations.
