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Proposed Oil Drilling Near The Iconic Twelve Apostles Has Locals Furious
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Nothing off limits : offshore gas and oil exploration area 5km from Twelve Apostles | Victoria
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Rest mulls options for SEA Gas pipeline, tests buyer appetite
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Thereâs arguably never been a better time to sell Australian infrastructure assets â and industry superannuation fund Rest is thinking about getting in on the action.
It is understood Rest is considering options for its 50 per cent stake in SEA Gas, which owns and operates a 700km underground high pressure natural gas pipeline and transmission system from Port Campbell in Victoria to Adelaide.
The SEA Gas pipeline was constructed in the early 2000s to transport gas from Victoria to Adelaide. Â
James Davies JGD
Rest is understood to have hired investment bank Lazard for help with the review, and has had its bankers quietly testing the appetite of potential buyers to see whether it get enough interest for an auction.
Morrison government to commit $58m to gas projects
May 7, 2021 – 12.00am
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The Morrison government will announce a $58.6 million package in next week’s federal budget to help drive the gas-led recovery from the coronavirus pandemic.
The new package also includes a commitment to consider underwriting mining billionaire Andrew “Twiggy” Forrest and his company, Australian Industrial Power, to build a gas import terminal and power station at Port Kembla.
A photographic impression of the Port Kembla LNG terminal.
The federal energy minister Angus Taylor, who will make the announcement on Friday, said the package was aimed at ensuring there was enough supply to meet demand on the east coast gas market.
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