21 hours ago
- Business
- AU Financial Review
Former Santos chairmen warn gas giant's suitors face FIRB wall
Two former Santos chairmen say little weight can be placed on assurances from the company's suitors that they would invest in Australian gas production in exchange for approval to buy the local energy giant.
Stephen Gerlach, who chaired the country's second-largest oil and gas producer from 2001 to 2009, said there was too much at stake to allow a company owned by a foreign government to own production and distribution assets that were critical to Australia's energy security.
