Connect with us

Hi, what are you looking for?

Investing

Taroom Gas Infrastructure MOU Signed with AGIG

Elixir Energy Limited (“Elixir” or the “Company”) is pleased to announce the execution of a non-binding Memorandum of Understanding (MOU) with AGI Development Group Pty Ltd, a part of the Australian Gas Infrastructure Group (AGIG).

HIGHLIGHTS

Elixir executes MOU with Australian Gas Infrastructure Group (AGIG)AGIG is one of the largest gas infrastructure businesses in AustraliaThe MOU promotes developing new gas infrastructure for Elixir’s Taroom Trough gas resources

The MOU provides the parties with an initial framework under which to investigate the potential development of gas infrastructure assets to support the possible future production of gas from Elixir’s Grandis Gas Project in the Taroom Trough.

The key elements that the parties will initially consider will be in the areas of a new gas transmission pipeline to the Wallumbilla Hub; processing and compression facilities; and, gas storage facilities. The parties may seek to bring in parties such as the owners of other complementary upstream assets and Government bodies into this process.

About AGIG:

Australian Gas Infrastructure Group (AGIG) is one of Australia’s largest gas infrastructure businesses in Australia. It owns and operates infrastructure that delivers gas to more than two million Australian homes, businesses, manufacturers, large industrials and electricity generators. Key transmission and storage assets include the 1,600 kilometre Dampier to Bunbury Natural Gas Pipeline and the Tubridgi Gas Storage Facility in Western Australia, and the 140 kilometre Wide Bay Gas Pipeline in Queensland.

Elixir’s Managing Director, Mr Neil Young, said: “We are very pleased to enter into a MOU with a company of the calibre of AGIG. This serves as an initial framework to investigate how the massive gas resources of Project Grandis – and potentially the broader Taroom Trough – might be most effectively brought to market. Furthermore, it is a significant and timely confidence booster in the vast potential of the gas assets in this region from a very well regarded third party.”

Click here for the full ASX Release

This post appeared first on investingnews.com
Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Economy

    S&P 500 and Nasdaq: S&P 500 rushes to new all-time high Last night, the S&P 500 formed a new all-time high at the 5738.0...

    Economy

    Ethereum, after a month, again above the $2700 level Over the weekend, the price of Ethereum climbed above the $2600 level Ethereum chart analysis...

    Economy

    Bitcoin price continues its bullish rally on Wednesday The price of Bitcoin rose this morning to a new weekly high of $64,795 Bitcoin chart...

    Investing

    Investor Insights Chariot Corporation presents a unique value proposition for seasoned investors, with its strategic ownership of the largest land package for lithium exploration...

    Disclaimer: Earlyagenda.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 Earlyagenda.com