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Street Talk
M&A dominoes from potential Waitsia, North West Shelf gas deal

AFR
Updated Jan 20, 2020 — 9.43pm,first published at 9.34pm

The pieces of a Western Australian gas deal are slowly falling into place.

And at the centre of the proverbial storm is the Waitsia Gas Project, a partnership between Japan's Mitsui and ASX-listed Beach Energy.

Street Talk understands a gas supply deal between Waitsia and the North West Shelf – which accounts for more than one-third of Australia's oil and gas production – has landed on the radar of every Perth Basin energy player, and the anticipation is at fever pitch.

While we're not suggesting an agreement has been inked, market sources on Monday pointed to an announcement on a deal being released as early as mid-February.

Such a deal would see Waitsia supply gas from the Perth Basin to the North West Shelf, which would then be shipped overseas as LNG.