M&A activity may pick up in Australia’s oil and gas sector
Chief among these is Woodside Energy’s expressed intent to review its equity holding in the North West Shelf LNG joint venture. WoodMac views such M&A deals, if they come to fruition, as paving the way for developments of new gas projects to feed Australia’s LNG plants
WoodMac estimates $32bn worth of oil and gas assets may change hands in Australia in the next few years
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