Companies & Finance

Investors circling Aussie gas market as majors downsize

Traders and private equity are hoping to take advantage as Australia’s majors look to divest Traders and private equity are hoping to take advantage as Australia’s majors look to divest.
By Sally Bogle 31 August 2017 0 27395
CBM assets in Queensland. (Molopo)

While overextended majors such as Origin and Santos are focused on divestments and cutting costs, smaller private-equity backed ventures are filling a funding vacuum in Australia’s upstream sector.

These players are hoping to exploit the opportunities provided by rising prices, policy uncertainty, and a tightening gas and electricity market. Singapore-based commodity house RCMA announced this week that it plans to jointly develop mature gas fields in Queensland with local venture Qado. The pair are examining at least 14 onshore gas and liquids projects, some of which...