Santos Sells Lng Stake For $2.6b

SANTOS will fill its coffers with $US2.5 billion ($2.6 billion) after it yesterday agreed to sell a 40 per cent interest in its $7.7 billion Gladstone liquefied natural gas project to the Malaysian energy giant Petronas.

Asian Giant Will Ignite Gas Project

SHELL, Tokyo Electric Power (Tepco) and an unnamed Australian utility - presumed to be AGL - have been linked to the search by Santos for a "technical" partner for its proposed coal-seam liquefied natural gas project in Gladstone, Queensland.

Rio And Rusal Clash Over Joint Venture

SIMMERING tension between Rio Tinto and Russian metals billionaire Oleg Deripaska over the multibillion-dollar expansion potential of their Queensland alumina joint venture at Gladstone in Queensland (QAL) has boiled over.