Welligence APAC Q3 2026 M&A Quarterly | Incumbent partners and Japanese buyers lead an all-gas M&A quarter

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APAC saw an all-gas quarter with eight gas-weighted transactions in Q3 2026, the first since Q2 2024. Five went to existing JV partners or the asset’s gas buyer, led by ExxonMobil, Santos and ENEOS Xplora. We also track 90 upstream opportunities across APAC.