The battle of the billionaires for control of Warrego Energy (ASX: WGO) in Western Australia’s gas-rich North Perth Basin is heading towards a showdown but the war is likely to continue because Warrego might not be the main game.
Major gas users want the West Australian government to ensure the LNG giants meet their domestic gas obligations as they seek to retain the OECD’s lowest prices.
The takeover battle for onshore gas assets in the Perth Basin comes amid warnings about a shortage in supply in WA, where the mining and downstream processing industries have come to rely on cheap energy.
CANBERA (dpa-AFX) - Asian stocks advanced on Thursday, as investors reacted to modestly hawkish Federal Reserve minutes and data showing slight improvement in China's services sector. Gold hovered