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Jemena wins bid to build $570 mln gas pipeline in Australia

Published 17/11/2015, 02:48 pm
© Reuters.  Jemena wins bid to build $570 mln gas pipeline in Australia
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MELBOURNE, Nov 17 (Reuters) - Australia's Northern Territory government on Tuesday chose Jemena, a company owned by State Grid Corp of China STGRD.UL and Singapore Power SINTT.UL , to build an A$800 million ($567 million) pipeline to the country's east coast gas markets.

Jemena beat rival bids from APA Group APA.AX , DUET Group DUE.AX , and a Chinese consortium PCP Australia, which included state-owned China National Petroleum Corp CNPET.UL .

The 622-kilometre (386-mile) pipeline will run between Tennant Creek in the Northern Territory and Mount Isa in Queensland, Chief Minister Adam Giles said in a statement.

The Northern Territory is estimated to hold more than 200 trillion cubic feet (Tcf) of gas resources onshore, which it says would be enough gas to power Australia for more than 200 years, and has more than 30 Tcf of gas offshore.

($1 = 1.4118 Australian dollars)

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