Elixir Energy (ASX:EXR)

Taroom Gas Infrastructure MOU Signed with AGIG

Elixir Energy Limited (“Elixir” or the “Company”) is pleased to announce the execution of a non-binding Memorandum of Understanding (MOU) with AGI Development Group Pty Ltd, a part of the Australian Gas Infrastructure Group (AGIG).


HIGHLIGHTS

  • Elixir executes MOU with Australian Gas Infrastructure Group (AGIG)
  • AGIG is one of the largest gas infrastructure businesses in Australia
  • The MOU promotes developing new gas infrastructure for Elixir’s Taroom Trough gas resources

The MOU provides the parties with an initial framework under which to investigate the potential development of gas infrastructure assets to support the possible future production of gas from Elixir’s Grandis Gas Project in the Taroom Trough.

The key elements that the parties will initially consider will be in the areas of a new gas transmission pipeline to the Wallumbilla Hub; processing and compression facilities; and, gas storage facilities. The parties may seek to bring in parties such as the owners of other complementary upstream assets and Government bodies into this process.

About AGIG:

Australian Gas Infrastructure Group (AGIG) is one of Australia’s largest gas infrastructure businesses in Australia. It owns and operates infrastructure that delivers gas to more than two million Australian homes, businesses, manufacturers, large industrials and electricity generators. Key transmission and storage assets include the 1,600 kilometre Dampier to Bunbury Natural Gas Pipeline and the Tubridgi Gas Storage Facility in Western Australia, and the 140 kilometre Wide Bay Gas Pipeline in Queensland.

Elixir’s Managing Director, Mr Neil Young, said: “We are very pleased to enter into a MOU with a company of the calibre of AGIG. This serves as an initial framework to investigate how the massive gas resources of Project Grandis – and potentially the broader Taroom Trough – might be most effectively brought to market. Furthermore, it is a significant and timely confidence booster in the vast potential of the gas assets in this region from a very well regarded third party.”


Click here for the full ASX Release

This article includes content from Elixir Energy, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

EXR:AU
The Conversation (0)
Elixir Energy

Elixir Energy

Early-mover in natural gas exploration and appraisal in Australia and Mongolia.

Valeura Energy (TSX:VLE)

Valeura Energy Inc. Announces Türkiye Joint Venture Agreement

Valeura Energy Inc. (TSX:VLE)(OTCQX:VLERF) ("Valeura" or the "Company") is pleased to announce that via a wholly-owned subsidiary, and together with its partner, Pinnacle Turkey, Inc. ("Pinnacle"), it has entered into an agreement with a subsidiary of Transatlantic Petroleum LLC... Keep Reading...
Josef Schachter, oil rigs.

Josef Schachter: Oil/Gas Stock Buy Window — 3 Signals to Watch

Josef Schachter of the Schachter Energy Report shares his outlook for oil and natural gas, including when he thinks the next buying opportunity will be for stocks.He also discusses his upcoming Catch the Energy conference.Use code INN100 for $100 off annual subscription to the Schachter Energy... Keep Reading...
Cespira Signs Agreement to Supply Components for a Customer Truck Trial

Cespira Signs Agreement to Supply Components for a Customer Truck Trial

Westport Fuel Systems Inc. ("Westport") (TSX:WPRT Nasdaq: WPRT), a supplier of alternative fuel systems and components for the global transportation industry, announced today that Cespira, Westport's joint venture with the Volvo Group, has signed an agreement with and received full payment from... Keep Reading...
Silhouette of drilling rigs and oil derricks with Canadian flag in background.

5 Best-performing Canadian Oil and Gas Stocks of 2025

Oil prices weakened in Q3 as global supply outpaced demand and inventories swelled.Brent crude fell 1.7 percent to end the quarter at US$65.90 per barrel, while West Texas Intermediate dropped to US$62.33. Deloitte’s latest energy report attributes the decline to rising stockpiles and OPEC+’s... Keep Reading...
Valeura Energy (TSX:VLE)

Valeura Energy Inc Announces Q3 2025 Operations and Financial Update

Valeura Energy Inc. (TSX:VLE)(OTCQX:VLERF) ("Valeura" or the "Company") is pleased to provide an update on Q3 2025 operations, including the results of a ten-well drilling campaign at its Nong Yao field on block G11/48 (90% operated working interest), offshore Gulf of Thailand.Key HighlightsSafe... Keep Reading...
Oil pumps and stock market graphs merging in a digital overlay.

Oil and Gas Price Update: Q3 2025 in Review

The oil market struggled in Q3 as prices continued to soften under mounting supply pressure. Following moderate gains in H1, prices contracted to end the third quarter lower than their July 1 start positions. Brent crude began the period at US$67.10 per barrel and finished at US$65.90, a 1.7... Keep Reading...

Latest Press Releases

Related News