Jemena eyes NAIF to fund $600m gas pipeline

Gas pipeline developer Jemena is eyeing the Northern Australian Infrastructure Facility to help fund a proposed $600 million pipeline that would connect Queensland’s inland Galilee Basin to the gas grid and provide more fuel into the stretched east coast market.

The Australian Financial Review is reporting that support from the NAIF could enable a larger, more economic pipeline being built from the start, helping reduce the cost of gas delivered through it, David Green, general manager of gas strategy and business development, said.

He was speaking as Jemena announced the proposed route for the 585-kilometre Galilee Gas Pipeline, which would link Galilee Energy’s Glenaras gas project near Longreach into Jemena’s existing Queensland Gas Pipeline.

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