AGL Energy
(ASX:AGL) announced its planning to sell its North Queensland gas assets to a Chinese gas distribution company consortium.
It comes as AGL previously informed the market it would exit the natural gas exploration and production market.
The leading gas, solar & renewable energy provider’s sale involves selling its 50 per cent stake in the MGP JV, the Northern Queensland energy JV and its participating rights in the Bowen Basin.
The consortium buying the assets own and operate 3,000 kilometres of gas pipeline.
Shares in AGL Energy
(ASX:AGL) are trading up 1.42 at $23.49.
