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Australia's Origin Energy to sells Ironbark gas project for USD 164 million

Gasoil News - Published on Thu, 21 Feb 2019

Image Source: LNG World News
Reuters quoted Australia's Origin Energy as saying that it had agreed to sell its Ironbark gas project in the state of Queensland to Australia Pacific LNG for AUD 231 million. Origin, which holds about 37.5 percent of AP LNG, said in a statement that it would remain responsible for the development of Ironbark due to its role as an upstream operator for AP LNG.

ConocoPhillips and China's Sinopec are the other stakeholders in AP LNG. Origin expects to book a non-cash post-tax impairment of AUD 34 million from the sale in its next half-year results.

Source :

Posted By : Rabi Wangkhem on Thu, 21 Feb 2019
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