Breakingviews - ADNOC's Santos bid is gift to energy transition
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 02 2025
0mins
Source: Reuters
ADNOC's Bid for Santos: The Abu Dhabi National Oil Company's $18.7 billion bid for Australian LNG producer Santos faces potential rejection from the Australian government, which has a history of blocking foreign acquisitions of critical infrastructure.
Domestic Energy Concerns: With Australia's increasing LNG exports raising fears of domestic shortages, the government may conditionally approve the deal by requiring ADNOC to ensure a certain amount of LNG supply for the local market, as it aims to transition to renewable energy sources.
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.
