Jemena Wins Darling Downs Pipeline

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.

Key Attributes;

  • 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.

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