Origin Energy Ltd. is likely to spend A$3 billion ($2.76 billion) for New South Wales state electricity assets, including retail business EnergyAustralia, and sell shares to help finance a transaction, UBS AG said.
State Grid Corp. of China’s search for as much as $50 billion of international power assets may reveal that Duet Group and Spark Infrastructure Group are among Australia’s most attractive takeover targets.
Origin Energy Ltd., the Australian company building a liquefied natural gas project in Queensland with ConocoPhillips, may raise more than $4.5 billion should it dispose of its entire stake in the venture, according to UBS AG.
ConocoPhillips , Origin Energy Ltd.’s partner in an Australian liquefied natural gas venture, said it aims to make a decision to proceed with the development at about the same time as rival projects in Queensland state.
China Petrochemical Corp. , the nation’s second-largest oil company, agreed to acquire 15 percent of an Australian gas venture planned by ConocoPhillips and Origin Energy Ltd. as part of a fuel-purchase accord.
AGL Energy Ltd.’s stake in the Moranbah gas project in Australia’s Queensland state may be worth about a third less because of the country’s plan to impose a 40 percent tax on resource profits, analysts said.