Santos Starts Talks to Sell LNG Stake to Korean Buyer
Sat, Jun 13, 2009 | News
Santos Starts Talks to Sell LNG Stake to Korean Buyer, SMH Says
By Jacob Greber
June 10 (Bloomberg) — Santos Ltd. has begun talks with Korean buyers about the sale of a potential stake in its Gladstone liquefied natural gas project, the Sydney Morning Herald said.
Korea Gas Corp. is in the initial stage of sales negotiations with Santos, said Seokhyo Jang, executive vice president of the company’s resources division, according to the report. Santos is reluctant to offer an equity stake in the business, Jang added.
Santos has flagged it plans to reduce its 60 percent stake in the project to 51 percent, the Herald reported.
To contact the reporter for this story: Jacob Greber in Sydney atjgreber@bloomberg.net
Last Updated: June 9, 2009 18:06 EDT
Tags: cbm, coal, csg, csm, gas, kogas, korea, liquefaction, lng, methane, origin, santos
Related Articles :
Santos in advanced talks for Gladstone LNG saleSantos expects Gladstone LNG sale deal by year-endShell’s ambitious Australia Queensland LNG push to match rivalsAsian spot LNG prices touch new lows at start of Q2Santos tight lipped on Timor Sea asset sale
(No Ratings Yet)
Leave a Reply