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GLNG pipeline sale mooted

Santos could be looking to selloff its Gladstone liquefied natural gas (GLNG) pipeline as the company comes under increasing financial pressure

With the Australian firm’s share price recently hitting a 10-year low on the back of plunging crude prices analysts believe Santos may be forced to sell some assets, including the pipeline which will ship coal-bed methane (CBM) to its export plant in Queensland.  The speculation comes in the wake of BG Group’s recent deal to sell its gas pipeline to APA Group for A$6 billion ($4.9 billion). That pipe will also transport CBM to the UK gas player’s Queensland Curtis (QC) export scheme. BG’s QC pipeline, part of its $20.4 billion liquefied natural gas (LNG) export venture in the eastern state, is underpinned by long-term take-or-pay supply deals with subsidiaries of the group, as well as its

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