XRG's Global Energy Expansion Faces Early Challenges

XRG, a company from Abu Dhabi, had a big plan to buy the Australian gas company Santos for a lot of money.

They wanted to become a big energy company around the world.

However, they couldn't agree on a price or who would pay the taxes, so the deal fell through.

XRG is still looking for other companies to buy, but this setback shows that making these big deals is hard.

They may also have difficulties in the takeover of the German chemical company Covestro AG.

XRG still plans to expand its business, particularly in the gas and chemical industries.