AUSTRALIAN Gas Infrastructure Group (AGIG) is considering investing an initial A$200 million (US$126.1 million) to help commercialise a gas field located just three kilometres off Victoria, Australia. AGIG last week said it had entered an exclusive, but non-binding, transaction process deed with the operator of the Golden Beach gas field, GB Energy. Under the agreement, AGIG is proposing to fund, build and operate the midstream infrastructure for the gas field development, which would include the plant, property, equipment and activities required for the transmission and processing of gas to and from the field. AGIG also revealed it was in discussions with GB Energy over its potential involvement in the development of the Golden Beach project's upstream infrastructure, which is estimated will cost about A$145 million.
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