Deals
Origin, Conoco Said in Talks With Banks on LNG Pipeline Sale
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Origin Energy Ltd. and ConocoPhillips are in talks with investment banks including Macquarie Group Ltd. on the potential sale of a pipeline to their natural gas export project, according to people with knowledge of the matter.
Their joint venture has shortlisted several investment banks to conduct a study on a sale of the pipeline that connects inland gas fields to the A$24.7 billion ($19.3 billion) liquefied natural gas plant in Queensland state, said the people, asking not to be identified as the details are private. An adviser may be appointed within weeks, one of the people said. Macquarie and Origin declined to comment.