Oct 25 (Reuters) - Australia's Origin Energy Ltd (ORG) announced on Monday the sale of a 10% stake in the Australia Pacific LNG project for A$2.12 billion ($1.58 billion) to global energy investor EIG Partners.
The company would retain a 27.5% stake in the APLNG business, one of the largest producers of natural gas in eastern Australia and a joint venture among Origin, ConocoPhillips COP.N and China's Sinopec 600028.SS following the sale, it said in a statement.
($1 = 1.3398 Australian dollars)
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| Open | High | Low | Value | Volume |
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