QIC-led group to buy Iona Gas Storage Facility

A consortium led by QIC Global Infrastructure Fund has agreed to buy Iona Gas Storage Facility for A$1.78 billion. EnergyAustralia, a member of the China Light & Power Group, is the seller. The investor group includes existing QIC clients. Iona is an underground natural gas storage facility that has a storage capacity of 23.5 petajoules.

8 October 2015•3 mins read
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