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Northbridge Industrial Services Plc

Strike Energy partners with AGIG in major gas processing infrastructure deal

Strike Energy has partnered with Australian gas infrastructure leader AGIG as the preferred proponent to design, build, own and operate a 50TJ/day gas plant for the processing of Strike’s gas from the proposed Phase 1 West Erregulla development under a long-term tolling arrangement.

The gas facility will process raw gas to sales specification before delivering it into WA’s gas transmission network.

The project represents an investment of more than $200 million in infrastructure and services by AGIG under a competitively priced long-term tariff.

The parties are now entering FEED and targeting a Q4 2020 FID. First gas is targeted for delivery in 1H 2022.

Northbridge Industrial Services plc (LON:NBI) hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, Brazil and Korea, Northbridge has a global customer base.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.