24 Hrs
Source:
اقتصاد سكاي نيوز عربية
XRG expands global gas holdings in Venezuela
XRG, the investment arm of ADNOC in the energy sector, has announced its entry into the Venezuelan market through the "Lauran" offshore field concession, which contains proven resources exceeding 4 trillion cubic feet of gas. This move is part of XRG’s strategy to strengthen its global liquefied natural gas (LNG) platform, focusing on investment alongside partners by activating Venezuelan gas resources and connecting them to existing infrastructure. The development of the field is being carried out in collaboration with the Venezuelan government, with the aim of responsibly and sustainably developing the resources, providing energy supplies to both regional and international markets. This strategic component is complemented by investments in Latin America, North America, Asia, and Africa to boost the company's global presence and achieve its goals of building a robust gas platform.
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