This article is 16 years old. Images might not display.
Dow Jones Newswires quoted JP Morgan analysts as saying AGL's PNG assets could be worth $A975 million, with its oil and gas fields fetching $521 million and the 3.6% PNG LNG stake going for $454 million.
AGL has previously said it intends to sell its stake, which is subject to pre-emptive rights by other joint venture partners, by December.
Pre-bids for the assets will be accepted by AGL by the end of June with firm bids expected by the end of September.
Under the JV agreement, stakeholder Oil Search - which owns a 34.1% stake in PNG LNG - will win a bid of an equal amount to an outside party, however, the company has not committed to acquiring AGL's interest.
The PNG LNG project ownership consists of ExxonMobil at 41.6%, Oil Search 34.1%, Santos 17.7%, AGL Energy 3.6% and Nippon Oil 1.8% while land owner interests hold the remaining 1.2%.
