News Wrap

IN TODAY'S News Wrap: Santos confirms plans to sell GLNG gas pipeline; hedge fund founder to short Chevron, Shell due to LNG glut "disaster"; oil rally dies; Persian Gulf ramps up drilling; and Iran content with $US70-75/bbl.

Santos confirms Gladstone LNG pipeline sale

Santos CEO David Knox confirmed plans to sell GLNG's 420-kilometre gas transmission pipeline while at the Macquarie Group conference in Sydney yesterday.