Dart Energy plans to restructure its arrangements with Shell. The restructure includes a payment of USD 12 million to Shell. This will be funded by disposal of non-core assets.
Non-core assets will almost certainly include Dart's 5.4% holding in LNG Ltd.
I think it's a pretty safe bet that the buyer of the LNG Ltd holding will be a CNPC/HQCEC associate.
This may signal HQCEC/CNPC plans to control of LNG Ltd and ultimately MEL.
Dart Energy plans to restructure its arrangements with Shell....
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