Origin sells Ironbank gas project to APLNG
Published by David Rowlands,
Editor
LNG Industry,
The project is located in Queensland, Australia, and will be sold for AUS$231 million. Reuters reports that Origin holds approximately 37.5% of APLNG, and that it will continue to be responsible for the project’s development, due to its role as an upstream operator for APLNG.
The other stakeholders in APLNG are ConocoPhillips and Sinopec. According to Reuters, Origin is expected to book a non-cash post-tax impairment of AUS$34 million from the sale in its next half-year results.
Read the article online at: https://www.lngindustry.com/liquefaction/19022019/origin-sells-ironbank-gas-project-to-aplng/
You might also like
Golar agrees 20-year re-deployment charter for FLNGs
Golar LNG Ltd has announced the final investment decision and fulfilment of all conditions precedent for the 20-year re-deployment charter of the FLNG Hilli Episeyo.