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Asian and European giants bid for InterOil LNG stake -sources

Published 07/15/2009, 03:27 AM
Updated 07/15/2009, 03:32 AM
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HONG KONG, July 15 (Reuters) - CNOOC, PTT PCL, ENI, and Osaka Gas are among the firms who submitted indicative bids for a 20-35 percent stake in InterOil's liquefied natural gas project in Papua New Guinea, sources said.

Bids in the $500 million range were submitted earlier this month, a source with knowledge of the situation said.

Canada's InterOil, and its project partner, Pacific LNG Operations Ltd, are looking to sell a stake of between 20 and 35 percent in the project, as well as stakes in the upstream gas assets, InterOil's Chief Executive Phil Mulacek told Reuters in May.

(Reporting by Joseph Chaney; Editing by Chris Lewis)

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