LNG

Dec 11 (LNGJ) - PTT Exploration and Production of Thailand, the newest upstream LNG player, is selling $3 billion worth of shares to fund expansion, including its future investments in the Mozambique LNG project being developed by Anadarko Petroleum of the US. The Thai company acquired its 8.5 percent stake in Anadarko's LNG project for $2.2Bln when it trumped Shell in a takeover battle for Cove Energy of the UK. Cove was owner of the smallest share of the Mozambique licence operated by Anadarko in the Rovuma Basin offshore Mozambique.