Jim Chalmers may need to make a “captain’s call” on whether to approve the takeover of the Australian oil and gas giant Santos by the investment arm of an Abu Dhabi state-owned entity, according to analysts, amid questions about whether the proposal will boost domestic supplies.
The board of the Adelaide-headquartered oil and gas company has expressed support for the $30bn bid that, if successful, would place a series of strategic assets into foreign-owned hands.
