https://www.miningweekly.com

New gas project on Victorian horizon

23rd April 2020

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Gas infrastructure developer Australian Gas Infrastructure Group (AGIG) is mulling a A$200-million investment to develop the Golden Beach gas project, offshore Victoria.

The company on Thursday announced that it had entered into a non-binding transaction process deed with unlisted GB Energy, which sets out the process for negotiating and executing documentation that would see AGIG fund, build and operate the midstream infrastructure for the Golden Beach gas project.

The agreement would cover all plant, property, equipment and activities required for the transmission and processing of gas to and from the field, at an estimated development cost of A$200-million.

The two companies are also working towards AGIG’s involvement in the A$145-million development of the upstream infrastructure at Golden Beach, covering plant, property, equipment and activities related to drilling and producing gas from the Golden Beach gasfield.

AGIG said that gas from the field could be delivered as early as 2022 to the Longford gas hub and its associated strategic pipeline infrastructure, some 20 km from East Gippsland.

“AGIG is proud to partner with GB Energy on this project. Our planned involvement in this key Victorian energy asset reflects AGIG’s focus on delivering world-class infrastructure across Australia,” said AGIG CEO Ben Wilson.

“AGIG’s experience in delivering Western Australia its largest gas storage facility will be very helpful for the project. Golden Beach’s stored gas will help guarantee future gas supply to customers to meet the domestic market.”

GB Energy CEO Tim Baldwin said that the Golden Beach project would provide Victoria with new domestic gas supply in the short term.

“The overall investment in critical energy storage infrastructure will then provide a range of ongoing benefits to an evolving East Coast market.”

Edited by Creamer Media Reporter

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION