Duet Group December 19 said its 100% subsidiary, DBP Development Group, will build the largest gas storage facility, Tubridgi gas storage facility, in Western Australia. The facility will utilise the depleted Tubridgi onshore gas reservoir, about 30 km from Onslow in the north west of Western Australia. It will be near the Chevron-operated Wheatstone and BHP-operated Macedon domestic gas production facilities and will be connected to compressor station 2 on the Dampier to Bunbury gas pipeline via existing gas transmission laterals. With a storage capacity of around 42 PJ, the facility is expected to be operational by June 2017. Citic Pacific Mining Management, a Citic subsidiary, developer and operator of the Sino Iron magnetite project at Cape Preston will be the foundation customer, under a 10-year gas storage agreement with options for a further five years, Duet said. Estimated total construction costs are about A$69mn (US$50.23mn), which will be funded by A$38 million of Duet
DéC