AUSTRALIAN Gas Infrastructure Group (AGIG) has invested $74 million in Western Australia’s largest gas storage facility, the Tubridgi Gas Storage facility in the State’s north-west

According to AGIG’s CEO, en Wilson, the investment is a sign of the importance of the company’s
role as an owner and operator of critical infrastructure in the State.

 

Speaking after a tour of the Tubridgi Gas Storage facility with WA Treasurer; Minister for Finance; Energy and Aboriginal Affairs, Ben Wyatt, Mr Wilson said the facility reinforced AGIG’s positive position in WA’s energy sector.

“AGIG’s Tubridgi Gas Storage investment not only represents a further step in developing WA’s energy infrastructure but also further endorses our commitment to improving the State’s energy security,” Mr Wilson said.

AGIG – with ownership and operations incorporating the Dampier Bunbury Pipeline, Australian Gas Networks and Multinet Gas – is now one of the biggest gas infrastructure businesses in Australia.

The previously abandoned Tubridgi operation has been re-developed and commissioned into a facility with a commercial storage capacity of 42 petajoules or enough gas to supply two million homes for 12 months.

“Tubridgi – WA’s largest gas storage facility and the third largest in Australia – is the first major project we have completed as Australian Gas Infrastructure Group – hopefully the first of many,” Mr Wilson said.

AGIG recently announced it had be awarded the $170 million contract to build, own and operate a new natural gas pipeline to deliver gas to Newmont Mining’s Tanami gold fields in the Northern Territory.

Mr Wyatt and Mr Wilson were joined on this week’s Tubridgi visit by the Chairman of DDG Tubridgi, Mr John Langoulant, representatives of major AGIG customer, Citic Pacific Mine Management, and AGIG Directors.

Mr Langoulant said the Tubridgi Project demonstrated AGIG’s confidence in WA as an investment destination.

“Investments like this help improve energy security and give our customers greater flexibility in meeting their energy needs,” he said.

Mr Langoulant said Tubridgi brings to Western Australia:

  • Enhanced security of energy supplies adding more options for customers to meet their energy requirements
  • Enhanced reliability as the state’s energy system becomes more complex with more diverse sources of energy, and
  • Improved flexibility for producers and users of natural gas to manage price volatility.