Companies & Finance

Quadrant in play as WA faces uncertain gas supply

Brookfield is selling its 50% stake in the company, offering potential buyers a major interest in the WA gas market and potentially lucrative access to untapped assets Brookfield is selling its 50% stake in the company, offering potential buyers a major interest in the WA gas market and potentially lucrative access to untapped assets.
By Sally Bogle 10 July 2018 0 31667
The Gorgon LNG plant. (Chevron)

The 50% share of Quadrant Energy now up for sale could prove pivotal for the eventual buyer, helping them to build a presence in Western Australia (WA), a market where both supply and prices are likely to tighten early in the next decade. Quadrant, WA’s largest gas supplier, has stakes in producing oil assets and potentially plentiful untapped gas reserves.

The sale follows a decision by Canada’s Brookfield Asset Management, the dominant shareholder in Quadrant, to leave the group after...