BG Group is reportedly looking at selling pipelines and other equipment on its QCLNG project.
BG Group is reportedly looking at selling pipelines and other equipment on its QCLNG project. Contributed

Gas giants look at selling stakes in Curtis LNG projects

BG GROUP, the UK-based majority owner of the QCLNG project on Curtis Island, is reportedly working with Goldman Sachs as it considers selling pipelines and other equipment on the project.

According to a report by Bloomberg, BG is studying the sale of assets around the project.

BG revealed last May the cost of building the project had risen 36% to $20.4 billion because of gains in the Australian dollar and rising labor expenses. 

It's also been reported one of the owners of the GLNG project is looking at selling part of its share.

Korea Gas Corp, commonly known as Kogas, has chosen Samsung Securities to advise on the potential sale of a portion of its 15% stake in the project.

According to Kogas, the company is considering the sale of two-thirds of its stake. 



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