Deal Insight
Sinopec underpins Australia Pacific LNG
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Report summary
In February 2011, APLNG (a joint venture between Origin Energy and ConocoPhillips) signed a non-binding Heads of Agreement (HoA) with Sinopec. APLNG will supply 4.3 mmtpa of LNG to Sinopec for 20 years from its Australia Pacific LNG project, whilst Sinopec will acquire a 15% interest in the venture.For APLNG, the deal is a vital step forward - it underpins the project, makes marketing the remaining volumes far easier, and provides greater project certainty. The APLNG partners have also ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
-
Deal analysis
- Price concession, but a big step forward
- Price Sensitivity
-
Upsides and risks
- Almost there, but risks remain
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Strategic rationale
- Origin and ConocoPhillips
- Sinopec
- Discount rates and inflation
- Pricing
- Oil & gas pricing and assumptions
Tables and charts
This report includes 6 images and tables including:
- APLNG operated acreage in Queensland
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Deal analysis: Table 1
- Deal analysis: Table 2
- Australia Pacific LNG - sensitivity to primary and secondary slope changes
What's included
This report contains:
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