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Reuters reported that Japanese conglomerate Mitsui & Co.
will sell its stake
in the BassGas project offshore Australia.
The company has a 40% interest in the development, led by Australian independent company Beach Energy, valued at between
US$95 million and US$244 million.
It is reported that since the project was put into operation in 2006, the daily output of the onshore plant Lang Lang has reached 4.
5 million cubic feet
.
The day before, U.
S.
energy company ExxonMobil also said it was interested in selling all of its upstream operating production assets
in Australia's offshore Gippsland Basin.
Reuters reported that Japanese conglomerate Mitsui & Co.
will sell its stake
in the BassGas project offshore Australia.
The company has a 40% interest in the development, led by Australian independent company Beach Energy, valued at between
US$95 million and US$244 million.
It is reported that since the project was put into operation in 2006, the daily output of the onshore plant Lang Lang has reached 4.
5 million cubic feet
.
The day before, U.
S.
energy company ExxonMobil also said it was interested in selling all of its upstream operating production assets
in Australia's offshore Gippsland Basin.
