Step Back, Breathe & Focus on the Big Picture, page-24

Thanks Ya.
I see in their latest financials at the 31st of Dec they had A$6Bln of assets in development and at the end A$4.2Bln ish as they transferred A$1.7Bln into production assets. Assuming all of that is GLNG which some of it may not be the total value they are placing on the assets for GLNG I think is A$6bln. there is no breakdown in regards pipeline versus the rest of the plant. Anyway I would suggest if they sell the pipeline it will dilute the share of the revenue from the project from 30% to something lower. Or they retain 30% but just pay a toll for the use of the pipe line, which should value at roughly the same impact.
Its all a bit of a guess, but I think its approximately right.
So in regards placing a value of the pipeline, its obviously difficult from the information required, but if its anything like what you suggest, it would have a substantial impact on their operating cost, however the advantage of a sale would be they get the cash of XXX up front where they pay the increased operating costs over a number of years. So short term it will help them, long term it would be a negative I would suggest.
However considering their current plight, its probably the short term they need to worry about & do something like a sale or a CR or combination of both to alleviate the debt pressure.