ADNOC leads $18.7 billion proposal to buy Australia's Santos in LNG push
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 16 2025
0mins
Source: Reuters
Santos Takeover Bid: Australia's Santos has agreed to support an $18.7 billion all-cash takeover bid from a consortium led by Abu Dhabi's National Oil Company (ADNOC), which aims to expand its global gas business, despite potential regulatory hurdles in Australia and Papua New Guinea.
Strategic Importance of Assets: The acquisition would provide the consortium control over key Australian liquefied natural gas operations and is seen as part of ADNOC's strategy to enhance its LNG capacity in the Asia Pacific region, with the deal requiring significant investor approval and regulatory clearances.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
