Why are Asian buyers, particularly Japan, looking to increase gas imports from Australia according to Formentera Partners?

Asian oil and gas buyers, including Japan, are seeking more Australian gas due to a global supply crunch caused by the Middle East conflict — described by Formentera CEO Bryan Sheffield as 'the first time within Asia where there is a shortage' — which he views as a long-term positive for Australia's gas industry.

What recent strategic moves has Inpex made in Australia’s gas sector, and how do they relate to the Beetaloo Basin?

Inpex joined Formentera in the frontier Beetaloo shale gas basin in March 2024 — its first move into onshore Australia — in a deal valued between $200 million and $600 million; it also announced plans to buy PetroChina’s 10.67% stake in the offshore Browse gas fields, while separately aiming to build a third LNG train at its Ichthys facility in Darwin, where it is already the operator.

Formentera sees Asian buyers seeking more Australian gas on supply squeeze

May 18, 2026

Formentera Partners notes Asian buyers increasing Australian gas purchases amid global supply shortages, while Inpex expands holdings in local shale and offshore projects to meet demand.

reuters

2026-05-18

Formentera sees Asian buyers seeking more Australian gas on supply squeeze

Formentera sees Asian buyers seeking more Australian gas on supply squeeze

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