GAS

APT-BNZ joint venture wins Trans-Territory gas pipeline bidding race

THE Australian Pipeline Trust-Australia and New Zealand Banking Group consortium has been named p...

The pipeline will take gas from Woodside Petroleum's Blacktip field off the Northern Territory east to Alcan's Gove alumina refinery on the Gulf of Carpenteria.

The consortium will work with Alcan and the Northern Territory Government to complete agreements to permit the project to proceed, with financial closure scheduled by June, with construction starting in 2006 and delivery of gas to Alcan scheduled for the end of 2007. Media reports have said the project cost could be about A$650 million.

In a statement to the Australian Stock Exchange last Thursday, ANZ Infrastructure Services and APT said the Spie Capag-Lucas joint venture, which recently built the Seagas pipeline in southern Australia, was the consortium’s construction partner.

The contract is subject to final approval by the Alcan board. Alcan began the formal bidding process last November after it signed an 800PJ gas sales agreement with Woodside.

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