Santos could see minted Middle East interests plow cash into Queensland gas scene, and that could be ... Read More The post Santos’ $30bn Abu Dhabi takeover could put Queensland gas juniors in the fast lane appeared first on Stockhead.

Adnoc's investment arm XRG PJSC joins peers including Saudi Aramco in targeting LNG, tapping the potential of one of the fastest-growing fossil fuel markets

UAE investors, led by XRG, offered nearly $30 billion to acquire Australian oil and gas producer Santos at $8.99 per share, a 28% premium. Following the deal announcement, the South Australian government threatened to intervene if the takeover bid for the state's largest company is "not in the interests of South Australians.