Santos Energy Takeover Bid by Abu Dhabi National Oil Company
Sector: Power Generation (CCGT) • Location: Gladstone, Queensland, Australia
Source: The Nightly
The Abu Dhabi National Oil Company (Adnoc), a state-owned firm of the United Arab Emirates, has made a $30 billion bid to take over Santos Energy, a major Australian gas supplier. This bid is part of Adnoc's global strategy to diversify its revenue streams away from oil and secure energy assets amid the energy transition. The takeover is under scrutiny for its impact on Australia's energy security
- Status
- Prospective
- Sector
- Power Generation (CCGT), LNG, Oil and Gas
- Location
- Gladstone, Queensland, Australia
- Updated
- 22 Jul 2026
- Source
- The Nightly
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Project Information
Participants
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Status
Original status | Planned |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
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Description
Description | The Abu Dhabi National Oil Company (Adnoc), a state-owned firm of the United Arab Emirates, has made a $30 billion bid to take over Santos Energy, a major Australian gas supplier. This bid is part of Adnoc's global strategy to diversify its revenue streams away from oil and secure energy assets amid the energy transition. The takeover is under scrutiny for its impact on Australia's energy security, particularly Santos' role in domestic gas supply on the east coast and its stake in the Gladstone LNG joint venture in Queensland. |
Original sector | Energy |
Budget |
Location
Country | Australia |
State | Queensland |
City | Gladstone |
Source
Source | The Nightly |
URL |
More Details
Record type | Project |
Sector | Power Generation (CCGT), LNG, Oil and Gas |
Article published date | 2025-06-18 |
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