APA Group, Cooper Group sign deal for sale of Orbost Gas Processing Plant (OGPP)
APA Group has entered into an agreement with Cooper Energy Limited for the sale of the Orbost Gas Processing Plant (OGPP) for between AUD270 million (US$186.86 million) and AUD330 million (US$228.39 million) in four installments.
The gas processing plant has been in operation since March 2020 in Orbost, Victoria, Australia. The Orbost plant´s gas-to-market delivery point is the Eastern Gas Pipeline. The OGPP has a 45-day average processing rate of 53 TJ per day.
The first post-completion payment of AUD40 million (US$27.68 million) is to be completed within 12 months after the closing of the transaction. The second and third post-completion payments are subject to post-completion plant performance and will be calculated at the point when APA ceases operating the OGPP.
Country updates
-
-
June 23, 2022
APA signs Kurri Kurri transmission contract with Snowy Hydro
APA Group has signed a 30-year Gas Transportation and Storage Agreement and a Development Agreement with Snowy Hydro Limited for the development of the Kurri Kurri Lateral gas transmission pipeli...
Read more -
June 22, 2022
Snowy Hydro signs PPA for 414 MW wind farm in Australia
Snowy Hydro has signed a contract for power purchase and renewables certificate from the 414 MW wind project in New South Wales
Read more -
June 21, 2022
BP enters deal to lead and operate the 26 GW Asian Renewable Energy Hub (AREH)
BP plc has entered into an agreement to acquire a 40.5% equity stake and lead and operate the Asian Renewable Energy Hub (AREH) in Pilbara region, Australia. The AREH project envisages a total g...
Read more -
June 15, 2022
GIG plans 2.5 GW wind project offshore Victoria
Corio Generation, a subsidiary of Green Investment Group, is planning a new Great Eastern Offshore Wind project in Australia. The offshore wind farm will be located about 22 km off the coast of Welli...
Read more -
June 13, 2022
Cbus Super completes acquisition of 10% stake in 2 GW Star of the South offshore wind farm
Cbus Super has completed the acquisition of a 10% stake in the 2.2 GW Star of the South offshore wind farm located off the coast of Victoria, Australia from Copenhagen Infrastructure Partner...
Read more
