23 December 2011

Dalby Lateral Sold

Gas Pipelines of Victoria (GPV) sold its Dalby Lateral Pipeline to United Petroleum on 23 December at a price marginally in excess of its carrying value.

The completion will occur on a staged basis with GPV having received the first instalment on signing with additional instalments to be received in December 2012 and December 2013. During that period, GPV will continue to receive its usual payments for the use and maintenance of the pipeline.