ConocoPhillips (COP) and Origin Energy (OGFGF.PK) are looking to sell a $3B 15% stake in their...

|About: ConocoPhillips (COP)|By:, SA News Editor

ConocoPhillips (COP) and Origin Energy (OGFGF.PK) are looking to sell a $3B 15% stake in their $20B LNG project in Queensland in Australia. Origin said in July that it intends to reduce its holding to 30% from 37.5%, with Bloomberg reporting that ConocoPhillips is now set to do the same. Meanwhile, Sinopec (SNP) is paying $2.1B to raise its stake to 25% from 15%.