AGL Energy secures long-term gas storage rights (Scandinavian Oil-Gas Magazine)

AGL Energy secures long-term gas storage rights

Published Oct 9, 2015

AGL Energy Limited has secured long term gas storage rights utilising the Iona Gas Storage Facility.

EnergyAustralia commenced a sale process for the Iona Gas Storage Facility in June 2015. QIC Limited today announced that Iona Operations Pty Ltd, which is ultimately owned by existing clients of QIC Limited as well as the QIC Global Infrastructure Fund, is the successful bidder for the Iona Gas Storage Facility from EnergyAustralia.

The new storage rights remain subject to a number of conditions precedent, including completion of the sale from EnergyAustralia to Iona Operations Pty Ltd. All conditions precedent are expected to be satisfied within two months.

Tags: AGL Energy Limited

Advertisment:

Comments on this page are closed.

+ Larger Font | + Smaller Font

Top Stories

New Chief Executive Officer of Aker Energy Feb 23, 2018 Jan Arve Haugan has been appointed as Chief Executive Officer of the newly established oil company Aker Energy, effective 1 March 2018. Haugan is currently the President & CEO of Kværner ASA.

Rystad Energy - Borr Drilling takes charge of the jackup market

Borr Drilling Goes From Empty-Handed to the Largest Jack-Up Driller In Just 16 Months Feb 23, 2018 “It is remarkable what Tor Olav Troim has achieved in such a short amount of time. Going from two jack-ups in December 2016 to becoming the largest jack-up provider...” says Oddmund Føre, vice president of oilfield service research at Rystad Energy.

Borr Drilling Takes Over Paragon Offshore to Expand MODU Fleet Feb 23, 2018 Borr Drilling’s acquistion of Paragon Offshore will create a USD 3.57 billion MODU fleet.

Southwest Research Institute (SwRI) - IMSF2

SwRI to Host Inaugural International Multiphase Flow Separation Symposium Feb 23, 2018 Southwest Research Institute is bringing together oil and gas industry experts for the International Multiphase Flow Separation Symposium (IMFS²), to be held April 25-26, 2018, at SwRI’s headquarters...

[ In News ]

Energy Demand Grows as Fuel Mix Continues to Diversify

Unique Group Launches Unique Equipment Manager

Archer to Provide Casing Accessories and Cementing Equipment in Asia Pacific

Wärtsilä and Maersk Drilling Create a Joint 25-Year Strategy for Thruster Services

Research Becomes Useful Technology for Society Through Strategic Partnership