Australia: ConocoPhillips announces plans to become upstream operator and agreement to purchase additional shareholding interest in APLNG
ConocoPhillips has announced through its Australian subsidiary that it plans to become upstream operator of Australia Pacific LNG (APLNG) following the closing of EIG’s transaction with Origin Energy. In connection with this announcement, ConocoPhillips has agreed to purchase up to an additional 2.49% shareholding interest in APLNG for $0.5 billion.