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New Deal


Announced

Completed

Santos completed the acquisition of Hunter Gas Pipeline.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Domestic

Integrated Oil and Gas

Friendly

Completed

Single Bidder

Australia

Acquisition

natural gas pipeline

Private

Synopsis

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Santos, a supplier of natural gas, completed the acquisition of Hunter Gas Pipeline, a natural gas pipeline operator. “At a time when the ACCC is forecasting domestic gas shortfalls, our Narrabri project, which is 100 per cent committed to the domestic market, will inject new supply into southern domestic markets and put downward pressure on gas prices for New South Wales businesses, manufacturers and families. It will make more gas available to cover peak demand periods, especially in circumstances where gas power generators are called on unexpectedly to replace wind, solar and coal outages, as we have seen this winter. Acquiring the Hunter Gas Pipeline route is an important step for the Narrabri project, with appraisal drilling planned later this year, pending various native title and environmental management plan approvals," Brett Woods, Santos Midstream and Clean Fuels President.

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