, Sinopec Increases Its Stake In Australian Pacific Liquefied Natural Gas Project To 25 Percent
China Petrochemical giant Sinopec and Australian Pacific Liquefied Natural Gas project are in talks for the acquisition deal. Sinopec has settled to increase its stake in Australian Pacific LNG project to 25 percent. This will reduce the ownership of the joint developers, Origin Energy and ConocoPhillips, to 37.5 per cent each.
