Name of the Project
Golden Beach gas project.

Location
The project is located along Australia’s Victoria eastern coastline.

Project Owner/s
The project is a partnership between the Australian Gas Infrastructure Group (AGIG) and GB Energy Holdings.

Project Description
The project aims to deliver greater gas energy security to the east coast gas market, enhance supply volumes and provide Victoria with a critical gas storage facility to underpin the state’s push to renewable energy.

The development of the Golden Beach field involves offshore drilling using conventional and proven processes over several months.

A pipeline and compressor station will also be built to connect the field to existing infrastructure in the vicinity of Longford, Victoria. This will enable the field to supply households and businesses in Victoria and New South Wales.

Potential Job Creation
Not stated.

Capital Expenditure
The project will require an initial investment of A$200-million.

Planned Start/End Date
Gas from the Golden Beach gasfield could be delivered as early as 2022.

Latest Developments
AGIG and GB Energy have entered a nonbinding, but exclusive, transaction process deed, which sets out the process for negotiating and executing documentation for AGIG’s proposal to fund, build and operate the midstream infrastructure for the project.

This would cover all the plant, property, equipment and activities required for the transmission and processing of gas to and from the field. This work has an estimated development cost of about A$200-million.

Key Contracts and Suppliers
None stated.

Contact Details for Project Information
AGIG, tel +61 8 8227 1500 or email info@agig.com.au.
GB Energy Holdings, email info@gbenergy.com.au.