There is no shortage of bankers running the numbers for clients on Origin Energy's Darling Downs Gas Pipelines.
While BAML runs the auction for Origin, it is understood Citi is tending to infrastructure manager QIC Ltd, Morgan Stanley is in APA Group's corner, UBS is advising gas networks giant Jemena and Deutsche Bank is believed to be taking Marubeni to the auction.
That leaves the likes of Colonial First State unaccounted for, although it too is understood to have engaged an adviser.
Origin is seeking first round offers by January 31, before taking the most likely contenders into the auction's second stage.
Up for grabs are three separate high pressure gas pipelines with a total length of 292km, according to marketing material sent to interested parties.
Origin owns and operates the pipelines, which service some of APLNG's gas fields in the Surat Basin and Origin's Darling Downs Power Station. Origin is offering up the long term operating and maintenance contract as part of the sale.
The pipelines generate about $25 million in gross earnings and are expected to be worth about $350 million. It is understood Origin has told bidders it is seeking to have the deal done by the end of the financial year.
