AUSTRALIA

FIRB gives nod to Origin-Conoco deal

CONOCOPHILLIPS' $A9.6 billion investment in Origin Energy's coal seam gas to liquefied natural gas joint venture has become unconditional after receiving approval from the Foreign Investment Review Board.

Marija Stojkovic

Under the transaction, ConocoPhillips will acquire a 50% share in the CSG to LNG JV for an upfront payment of $US5 billion. The company will also provide an additional fixed contribution of $A1.15 billion...

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