Jemena, which is owned by Singapore Power & State Grid of China (Australia) came out on top after bids for the asset, sold by Origin Energy.
- Winning price-tag was reported to be $392m.
- Transaction will be funded by a mix of debt and equity and structured as an SPV.
- The pipeline transports gas to Darling Downs power station and Australia Pacific LNG.
- As part of the transaction Origin has attained long-term transportation services commitment on the pipeline to its Darling Downs power station.