Noble Group: Woodside Petroleum, Australia’s 2nd largest oil & natural gas producer, is considering selling stakes in its Browse & Pluto liquefied natural gas projects. The group plans to invest in A$75b of LNG projects to meet rising demand in Asia as the market has been tightening up since the Fukushima nuclear disaster in Japan.
Would Noble be interested? Currently, the group owns downstream energy assets such as oil storage, terminals & distribution facilities in the US following its acqn of SemFuel assets in Aug 09 & Northville Product Svcs in May 10 & retail marketing unit of Sempra Energy in Sep 10. Coincidently, Noble has just established a US$3b medium-term note program, which should boost its war chest to well over US$5b.
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