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AGL Energy secures long-term gas storage rights


Published Oct 9, 2015
AGL Energy Limited-2

AGL Energy Limited has secured long term gas storage rights utilising the Iona Gas Storage Facility.

EnergyAustralia commenced a sale process for the Iona Gas Storage Facility in June 2015. QIC Limited today announced that Iona Operations Pty Ltd, which is ultimately owned by existing clients of QIC Limited as well as the QIC Global Infrastructure Fund, is the successful bidder for the Iona Gas Storage Facility from EnergyAustralia.

The new storage rights remain subject to a number of conditions precedent, including completion of the sale from EnergyAustralia to Iona Operations Pty Ltd. All conditions precedent are expected to be satisfied within two months.

Tags: AGL Energy Limited




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