Australia’s Beach Energy Sees M&A Potential on Domestic Gas Plan

Australia’s Beach Energy Ltd. believes it’s a more attractive acquisition target due to a government plan to force gas producers to keep a portion of their sales at home.

Beach, with an A$2.6 billion ($1.8 billion) market capitalization, only sells its oil and gas domestically, Chief Executive Officer Brett Woods said in an interview with Bloomberg TV. That portfolio could be appealing to export-focused producers on Australia’s east coast, he said.

“Some of the export companies will be looking at us and saying how can we work with Beach, or what can we do with Beach to make sure we ...