Adnoc’s international investment arm XRG announced two deals this week that firm up its emerging position in global LNG markets. The deals deepen the firm’s presence in the Atlantic basin gas market, giving its portfolio important geographic breadth alongside other gas positions in the Middle East, Africa and the Caspian. A new entrant to the international LNG sector, XRG aims to secure 20-25mn t/y of LNG capacity by 2035 through a combination of equity investments and offtake agreements.
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