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Australia gas security faces fitness test
Reassessment of the country’s export-facing gas policy coincides with worsening domestic market backdrop
ADNOC targets Santos in big LNG push
The takeover, if it gets the all-clear from regulators and other government authorities, would propel XRG and its parent firm ADNOC into the top tier of global LNG players
Australia’s LNG flashpoint
Scapegoating foreign buyers will not solve country’s gas shortages
Australia’s post-election energy priorities
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference
Australia’s changing gas risks
Australia’s East Coast Gas projections for a supply shortfall have been pushed further out, but the challenge to meet evolving gas demand and the shifting assumptions around the fundamentals remain just as stark
Australia faces up to Victoria’s gas folly
As gas supplies dwindle, LNG becomes the only viable solution in a state that has focused on transition
Australia’s unresolved fuel security risks
Lack of competitiveness in refining sector and underbaked oil reserves threaten long-term stability
Woodside makes US LNG push with Tellurian acquisition
The Australian firm’s purchase represents a significant move into US LNG by an international player and will boost the planned Driftwood project after years of uncertainty
Australia’s East Coast market running out of time
Looming supply shortfalls will force some difficult political decisions
Political bargains hamstring Australia's Future Gas Strategy
Backroom political deal-making has undermined the government’s long-term vision for the domestic gas sector
Australia’s export-oriented companies have benefitted from the rebound in prices
Australia Woodside Santos
Andrew Kemp
18 November 2021
Follow @PetroleumEcon
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Australian developers scale up investments

High prices bolster Australian upstream developments

Australia’s largest upstream companies—Woodside, Santos, Oil Search and Beach Energy—have been buoyed by this year’s surge in oil and gas prices, encouraging a major ramp-up in planned investments. Investment bank Jarden predicted in June that the four firms would more than double their annual spend on new projects, rising from an average of $2.9bn over the last five years to $6bn between now and 2026. The four remain committed to new production projects. That growth will also be accompanied by consolidation, as Woodside and Santos prepare to wrap up their mergers with Australian conglomerate BHP’s petroleum division and Oil Search respectively within the next six months. Woodside Woodside h

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