Santos CE sounds out the possibility of GLNG pipeline sale

Mr Knox also said that the sale of BG Group’s Queensland Curtis LNG (QCLNG) Pipeline to APA Group last month for $A6.1 billion made any potential sale more appealing.

However, Mr Knox maintained that the company is in a strong position with $A3 billion of liquidity and is not considering an equity raising
“We’re in a good place with a strong balance sheet, we’re committed to maintaining our investment grade,” Mr Knox told The Australian.

“The GLNG Pipeline is probably the poster child (of Santos asset sales) after BG’s success, we have talked to our pipeline partners (about a sale) for 12 to 18 months, but clearly BG’s headline number of $US5 billion is very helpful in demonstrating to the partnership the value of progressing a sale.”

Santos has a 30 per cent stake in the GLNG with joint venture partners including; PETRONAS (27.5 per cent); TOTAL (27.5 per cent); and KOGAS (15 per cent).

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