Hot on the heels of Italian energy giant Eni kick-starting a sale process for its $1 billion-odd portfolio of Australian gas assets, Royal Dutch Shell has given the green light to its own $US2.5 billion ($3.7 billion) cost of capital shootout.

The opportunity is a 26.25 per cent stake in infrastructure supporting the QCLNG gas project in Queensland including jetties, storage terminals and the like. And it is expected to catch the eye of some of the world's biggest asset managers.

Australia's IFM Investors is bankered up and ready for battle. But so too is Hong Kong's CKI Group, and tonight we reveal which US investment bank has been selected to help it prepare an indicative offer.

Elsewhere, there is a fresh update on the action-packed Virgin Australia auction, as well as news of a tasty new initial public offering that is expected in front of fund managers this week.

And finally it appears former Macquarie bankers Nicholas Moore and Andrew Low are set to make out like bandits in the $440 million sale of diagnostic imaging group PRP.

Happy reading,

Sarah Thompson, Anthony Macdonald and Tim Boyd
Street Talk Editors