Mitsui & Co. of Japan is reportedly negotiating a sale of Equatorial Guinea LNG export project’s stake.
One or more of the existing partners in the project are lining up to buy Mitsui’s 8.5 percent stake, sources told Reuters.
Stakeholders in the project are Marathon Oil Corp with 60%, Sonagas with 25% and Marubeni with 6.5%.
Sources further said that the company has been in talks for at least a couple of months now to sell the stake.
LNG World News Staff, July 30, 2014; Image: EG LNG