Jemena sees NT pipeline as core for $2b northern gas investment

China-controlled Jemena intends to use wining the contract to build the North East Gas Interconnector as a springboard for a possible $2 billion or more of investment as it creates a third leg for its gas transportation business.

Managing director Paul Adams signalled Jemena was considering investments of $1.2 billion or more in addition to the $800 million NEGI pipeline, which will connect Tennant Creek in the Northern Territory to Mt Isa in Queensland.

Mr Adams said Jemena’s owners, State Grid Corporation of China and Singapore Power, were taking a long-term view of the potential of supplying gas from the NT, which he said offered “huge” potential supply to meet demand on the east coast.

The 622-kilometre NEGI pipeline, confirmed as a concrete project by the NT government last month and due to start up in 2018, will open the door for the supply of NT gas to other markets. For the full article click here

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