Formentera says Asian buyers seek more Australian gas

Formentera Partners will expand its Australia gas operations as Asian buyers seek stable energy supplies. The private equity firm expects increased investment from Japan to accelerate development in the onshore Beetaloo shale basin. Formentera CEO Bryan Sheffield said the shift will likely lead to more development across the continent's gas-rich basins.

### Asian Demand Drives Australian Infrastructure Sheffield stated on Tuesday that Japanese buyers are increasing their focus on Australian resources. This interest follows a regional shortage that Sheffield described as a first for Asia. He noted that the development of a pipeline to Darwin's LNG facilities could occur over the next two to three years.