Oil
XRG Snaps Up Shell’s NWS Stake to Support Asia’s ‘Growing Demand’
CEII brief
Natural Gas Intelligence reported on 3 Nov 2026: XRG Snaps Up Shell’s NWS Stake to Support Asia’s ‘Growing Demand’.
Read the full story on Natural Gas IntelligenceXRG, Abu Dhabi National Oil Co.’s (ADNOC) investment arm, has agreed to purchase Shell’s interest in the North West Shelf (NWS) project in Western Australia for $1.45 billion.
Context from CEII
Crude benchmarks move budgets, currencies and inflation in producer and importer countries alike. For economies such as Nigeria, where fuels dominate exports, production and refining decisions move the whole economy.
26.9% of Australia’s merchandise exports were fuels in 2025Countries in this story
Original reporting © Natural Gas Intelligence. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
