EIG pays $1.6b for 10% stake in Australia Pacific LNG
Energy and infrastructure investor EIG has acquired a 10% stake in Australia’s largest coal seam gas producer from domestic utility Origin Energy for A$2.12 billion ($1.59 billion).
The asset, Australia Pacific LNG (APLNG), is a joint venture between Origin and ConocoPhillips, which own 37.5% each, and China’s Sinopec, which holds 25%. Origin’s holding will fall to 27.5%, although...
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