Origin Looks to Sell Stake in APLNG Infrastructure

Origin Energy Ltd. is looking to sell infrastructure assets like pipelines that support its Australia Pacific LNG terminal in Queensland, Australia.

Dow Jones reports that the move comes after the company failed to find a buyer for a direct stake in the venture.

Origin Chief Executive Grant King also said the company has discussed processing gas from a rival venture owned by Royal Dutch Shell and PetroChina at its APLNG terminal, Dow Jones reported.

The APLNG project will begin supplying fuel to Asian customers from 2015. ConocoPhillips and China Petrochemical Corp. are also major investors in the venture.