Origin Secures Gas Pipeline Capacity to Link Eastern Australian Portfolio

South West Queensland Pipeline
(Click to Enlarge)

Origin has entered into a conditional gas transportation agreement with Epic Energy which will result in the expansion of capacity on the 935 kilometer South West Queensland Pipeline and QSN Link from Wallumbilla to Moomba.

Origin's Executive General Manager Energy Markets, Frank Calabria said, "The expansion of the South West Queensland Pipeline and QSN Link will provide Origin with increased flexibility in moving gas resources from Queensland to our customers and power stations in southern Australia."

Origin has entered into a conditional agreement for the transportation of up to 1,200 PJ of gas over 22 years from January 2012 with extension options over some capacity for up to a further 10 years. The agreement also includes additional long term capacity on the Moomba to Adelaide pipeline and options to further expand the capacity of the South West Queensland Pipeline in the future.

Completion of the transaction is subject to Epic securing funding for the development. Should Epic be unable to secure funding within an agreed timeframe, Origin has the opportunity to provide a significant proportion of the funding required for the project to Epic on market competitive terms.

In certain circumstances where the project does not proceed, despite Origin being prepared to provide funding, Epic may be required to provide Origin with some zero charge gas transportation services on the Moomba to Adelaide Pipeline System.

Epic is wholly owned by the Hastings Diversified Utilities Fund.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Equipment Operator
Expertise: Heavy Machinery Operator
Location: Williston
Production Technician - Bladder Blade Separators/Manifolds Speci
Expertise: Field Service Tech|Mechanical Technician|Production Technologist
Location: Houston, TX
Commercial Engineering Analyst - Refinery
Expertise: Commercial Management|Refinery Specialist|Refinery Staff
Location: Baton Rouge, LA
search for more jobs

Brent Crude Oil : $52.67/BBL 1.91%
Light Crude Oil : $51.6/BBL 2.60%
Natural Gas : $3.17/MMBtu 2.76%
Updated in last 24 hours