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BRIEF-Duet Group says unit to build gas storage facility

Published 19/12/2016, 09:31 am
© Reuters.  BRIEF-Duet Group says unit to build gas storage facility
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Dec 19 (Reuters) - Duet Group DUE.AX :

* DBP Development Group confirms that it will build largest gas storage facility in Western Australia

* Citic Pacific Mining Management to be foundation customer, under a 10-year gas storage agreement with options for a further 5 years

* Estimated total construction cost of $69 million, to be funded by $38 million of Duet's corporate working capital; balance from DDG's bank debt facility Source text for Eikon: Further company coverage: DUE.AX

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