ORG News: EIG targets Australia's Origin to build global LNG company - 16th Nov 2022, 7:04pm

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By Sonali Paul

MELBOURNE, Nov 16 (Reuters) - EIG, teaming with Brookfield Asset Management in a A$15.5 billion ($10.5 billion) bid to split Australia's Origin Energy, is looking to use the deal to help build a global liquefied natural gas (LNG) company, its boss said on Wednesday.

Under the proposed buyout announced last week, EIG's MidOcean Energy would acquire Origin's integrated gas business including its 27.5% stake in Australia Pacific LNG (APLNG), an LNG project in Queensland state.

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