Elixir Energy signs MoU with AGIG for Taroom Trough gas infrastructure

Proactive - Interviews for investors

Elixir Energy Ltd (ASX:EXR, OTC:ELXPF) managing director Neil Young joins Proactive’s Tylah Tully to discuss the non-binding Memorandum of Understanding (MoU) the company has entered with the Australian Gas Infrastructure Group (AGIG) to explore the development of gas infrastructure in Queensland’s Taroom Trough. This infrastructure would support future gas production from Elixir’s Grandis Gas Project in the emerging region. The MoU was signed with AGI Development Group Pty Ltd, a subsidiary of AGIG, which is among Australia’s largest gas infrastructure businesses. The key areas under consideration include a new gas transmission pipeline connecting to the Wallumbilla Hub, along with processing, compression and gas storage facilities. Young expressed satisfaction with the MoU, emphasising its significance in boosting confidence about the potential of Project Grandis and the wider Taroom Trough region. He also mentioned the possibility of involving other asset owners and government entities in the process. AGIG is a major infrastructure provider in Australia, servicing more than two million customers through various assets, including the Dampier to Bunbury Natural Gas Pipeline and the Tubridgi Gas Storage Facility in Western Australia, as well as the Wide Bay Gas Pipeline in Queensland. #ProactiveInvestors #ElixirEnergy #ASX #AGIG #GasInfrastructure, #TaroomTrough, #GrandisGasProject, #GasTransmission, #QueenslandGas, #EnergySector, #NaturalGas, #MoU, #WallumbillaHub, #EnergyDevelopment, #GasProcessing, #GasCompression, #GasStorage, #AustralianEnergy, #EnergyPartnership, #PipelineDevelopment, #RenewableEnergy, #CleanEnergy