Melbourne-based company director Peter Lowe has replaced John Langoulant as chair of two major gas companies, adding to his many other roles including chair of DGL Group.
The competition watchdog has approved a Hong Kong consortium's $13 billion takeover bid for APA Group, Australia's biggest gas pipeline company, on the proviso that four major assets in Western Australia are sold to new owners.
John Langoulant's interests range widely, from building a lyric theatre in Perth to doing business in the Top End, but his main passion is public sector reform.
Gas users will save nearly $200 million over five years after the Australian Competition Tribunal dismissed a move by the owner of the Dampier to Bunbury Natural Gas Pipeline to alter a pricing decision by the state's Economic Regulation Authority.
Engineering and construction group Valmec has secured new contracts in the gas and infrastructure sectors worth $7 million, including work for APA Group at its Yamarna gas pipeline facility.
SPECIAL REPORT: As WA households benefit from increased competition in gas retailing, the electricity sector wants to be able to compete with Synergy in providing to small customers, with some industry members calling for a reduction in the contestability threshold to 20 megawatt hours.
A $69 million gas storage facility will be built near Onslow by Duet Group subsidiary DBP Development Group to help producers and consumers smooth production profiles and cover planned outages.
Western Australian gas producers shipped 2.2 million tonnes of LNG in September as quarterly exports were up 45 per cent nationally on last year, according to consultancy EnergyQuest.
Dampier to Bunbury Natural Gas Pipeline owner-operator DBP says pricing for the gas transmission line set by the Economic Regulation Authority today won't be enough to earn a rate of return suitable for prevailing market conditions.
A successful Oil Search takeover of Interoil will be one factor that could help trim billions off the cost of LNG projects in Papua New Guinea in the next two decades, according to consultants Risc.
Alcoa of Australia has agreed to sell its stake in DBP, the owner and operator of the Dampier to Bunbury Natural Gas Pipeline (DBNGP), to DUET Group for $205 million.
DBP Transmission, the owner and operator of the Dampier natural gas pipeline, has signed up for a $245 million, seven-year debt facility with a Japanese bank.
Company director John Langoulant has added another title to his broad portfolio, taking on the role of state president WA for the Committee for Economic Development of Australia.
Ratings services Standard & Poor's said today it had revised its outlook on the 'BBB-' issuer credit ratings on DBNGP Trust, the owner of the Dampier to Bunbury Natural Gas Pipeline, and relate
Dampier to Bunbury gas pipeline owner DBP Transmission has completed negotiations with a majority of customers that use its pipeline, in a move it says will reduce its long term risk profile.
The Chamber of Commerce and Industry WA has appointed former University of Western Australia Business School dean Tracey Horton as president of its general council.
