# XRG enters Venezuela as it grows global gas platform — retained record

> Retained news record from news:semafor.

Canonical: https://highsignal.app/data/records/6e9730084c96af17

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source: [news](https://highsignal.app/data/news) (news:semafor)  published 2026-08-18 14:38 ingested 2026-08-19 06:46

[original source ↗](https://www.semafor.com/article/08/18/2026/xrg-enters-venezuela-as-it-grows-global-gas-platform)

## retained text



```
XRG is making its first move in Venezuela as the international investment arm of ADNOC looks to create a global gas platform. The stake in the concession adds to its portfolio of projects in Argentina, Azerbaijan, Mozambique, Turkmenistan, and the US.
XRG aims to become a top-five player in global gas and LNG at a time when demand for the fuel is skyrocketing because of the energy transition and the growing needs of artificial intelligence. XRG has been strategic in its acquisitions: This year it picked up a piece of the Southern Gas Corridor from Azerbaijan, a key supply link from the Caspian Sea to Europe. The company could also make another swoop for Santos, the Australian gas supplier. XRG attempted to acquire it for $18.7 billion before walking away nearly a year ago.
```



document fetched 2026-08-19 06:46 · canonical https://semafor.com/article/08/18/2026/xrg-enters-venezuela-as-it-grows-global-gas-platform