Origin’s Darling Downs sale underway

Interested companies in the two pipelines in Queensland are rumoured to be QIC Limited, APA Group, TransAlta and Jemena.

The Darling Downs system includes 292 km of gas pipelines in the Surat Basin in Queensland, which supplies the company’s Darling Downs Power Station, as well as the Australia Pacific LNG (APLNG) Project which began exporting LNG in January 2016.

The AFR reports that Origin is expecting make between $300–400 million on the sale.

This is the final leg of Origin’s infrastructure asset sales program aimed at reducing operating costs.

This year has seen Origin sell its Mortlake infrastructure, which includes the Mortlake terminal station and the Mortlake gas pipeline, and the Cullerin Range windfarm.

Send this to a friend