Woodside Energy Group Ltd. is in preliminary talks with Santos on a potential merger, opening the door for the creation of an Australian gas export powerhouse amid a global wave of multi-billion dollar energy deals.
Discussions are at an early stage, according to Santos, which said it is also exploring a range of “alternative structural options.” Talks “remain confidential and incomplete, and there is no certainty that the discussions will lead to a transaction,” Woodside said in a statement.
