Santos has snapped up a big basket of onshore and offshore ConocoPhillips assets in a $2.2 billion deal motivated by the Adelaide-headquartered oil and gas company’s big vision for future gas demand in Australia.
“We see a big future for gas,” Santos CEO Kevin Gallagher said as details of the purchase emerged.
“Through to 2040 it is the fastest-growing energy source and that’s why there’s such demand for our product across Asia.”
ConocoPhillips and Santos already have...