AIE Signs Gas Pipeline Deal With Jemena
AIE has signed a Memorandum of Understanding (MOU) with leading energy infrastructure company Jemena to connect the Port Kembla Gas Terminal (PKGT) with the Eastern Gas Pipeline (EGP).
As part of the MOU, Jemena intends to construct a 12km underground pipeline capable of transferring gas from the PKGT directly into the EGP – the major natural gas arterial between Victoria and NSW.
Squadron CEO Stuart Johnston highlighted the importance of the agreement.
“We believe we have secured the best site in Australia for this project and now with an agreement for long term tenure for the site and a pipeline agreement secured, the PKGT remains the only project in the eastern states capable of assisting the NSW State Government to overcome predicted gas shortages by 2024,” Mr Johnston said.