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

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%.
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Comments (1)
  • ElCabong
    , contributor
    Comments (28) | Send Message
     
    China has more shale gas plays than the US. It's possible they will be exporting NG some day.
    21 Aug 2012, 06:44 AM Reply Like
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