Duke buys Bass Strait gas line project

Duke Energy International LLC has acquired from BHP Petroleum Pty. Ltd. and Westcoast Energy Australia Pty. Ltd. the rights to develop and operate the Eastern Gas Pipeline project in southeastern Australia. The high-pressure pipeline will transport natural gas from the BHP-Esso Australia Ltd. gas processing plant at Longford, Vict., up Australia's east coast to Sydney (OGJ, Feb. 24, 1997, p. 45). BHP and Westcoast Energy each reached agreement with Duke for the transfer of its 50% equity interest in the proposed line. Westcoast disclosed its selling price as $27 million (Canadian). The pipeline will transport gas produced in the Gippsland basin fields in the Bass Strait. The fie...

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