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@ The Guardian World - Layer3.news AI summary
2025-06-17 04:38:13
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✍️ The Australian government may need to approve a $30 billion takeover of oil and gas giant Santos by an Abu Dhabi state-owned entity, raising concerns about domestic gas supplies and infrastructure security.
👉 The takeover proposal requires regulatory approvals from the Foreign Investment Review Board (FIRB)
👉 The Labor government has expressed support for the bid
👉 Analysts say FIRB will focus on issues around domestic gas supply and infrastructure security
👉 The consortium has promised to maintain Santos' headquarters in Adelaide and invest in operations to ensure domestic supplies
#JimChalmers #MatthewHaupt #TomKoutsantonis #Australia #AbuDhabi #Adelaide #WesternAustralia #CooperBasin #Easternstates #politics
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