Gas infrastructure developer Australian Gas Infrastructure Group (AGIG) is mulling a A$200-million investment to develop the Golden Beach gas project, offshore Victoria.
The company on Thursday announced that it had entered into a non-binding transaction process deed with unlisted GB Energy, which sets out the process for negotiating and executing documentation that would see AGIG fund, build and operate the midstream infrastructure for the Golden Beach gas project.
The agreement would cover all plant, property, equipment and activities required for the transmission and processing of gas to and from the field, at an estimated development cost of A$200-million.