Asia’s rising imports to spur upstream M&A: Moody’s

摘要

Singapore—State-owned Asian oil companies will make more overseas upstream acquisitions next year as regional crude and gas imports continue to rise, US ratings agency Moody’s forecast Monday. “We expect Asia’s growing reliance on crude oil and natural gas imports to fuel more overseas upstream acquisitions by national oil companies (NOCs) to secure [their] long term energy needs,” the report said. Moody’s said falling crude output in some key Asia Pacific markets over 2008-12, notably in Australia, Indonesia and Malaysia, along with rising demand, stable prices and a growing regional reliance on LNG imports would drive the acquisitions.