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Bryan Sheffield: The Texas billionaire betting big on Australian gas

Summarized by: Live Sports Direct
 
Bryan Sheffield: The Texas billionaire betting big on Australian gas

Bryan Sheffield is betting big on Australian gas. He bought stakes in Tamboran Resources and Empire Energy. Tamorban bought Origin Energy's Beetaloo assets in September. The Beetala Basin was earmarked for $220 million of public investment. A Senate inquiry is investigating if the funds should be used for private investment in the Beetalo. Australia has a shortage of gas to supply the nation’s east coast. Domestic gas prices are soaring. Last month, the federal government signed a heads of agreement with gas exporters Shell, ConocoPhillips and Santos to shore up domestic supply for next year.

IN THIS ARTICLE
Bryan Sheffield Northern Territory Scott Sheffield Beetaloo Basin Empire Energy Origin Energy Paul Espie Joel Riddle Joe Parsley Pioneer Natural Resources
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