DBP

The Chamber of Commerce and Industry WA has appointed former University of Western Australia Business School dean Tracey Horton as president of its general council.

Dampier to Bunbury gas pipeline owner DBP Transmission has completed negotiations with a majority of customers that use its pipeline, in a move it says will reduce its long term risk profile.

Ratings services Standard & Poor's said today it had revised its outlook on the 'BBB-' issuer credit ratings on DBNGP Trust, the owner of the Dampier to Bunbury Natural Gas Pipeline, and related finance company DBNGP Finance Co, from stable to negative.

Company director John Langoulant has added another title to his broad portfolio, taking on the role of state president WA for the Committee for Economic Development of Australia.

DBP Transmission, the owner and operator of the Dampier natural gas pipeline, has signed up for a $245 million, seven-year debt facility with a Japanese bank.

Alcoa of Australia has agreed to sell its stake in DBP, the owner and operator of the Dampier to Bunbury Natural Gas Pipeline (DBNGP), to DUET Group for $205 million.

A successful Oil Search takeover of Interoil will be one factor that could help trim billions off the cost of LNG projects in Papua New Guinea in the next two decades, according to consultants Risc.

Dampier to Bunbury Natural Gas Pipeline owner-operator DBP says pricing for the gas transmission line set by the Economic Regulation Authority today won’t be enough to earn a rate of return suitable for prevailing market conditions.

Western Australian gas producers shipped 2.2 million tonnes of LNG in September as quarterly exports were up 45 per cent nationally on last year, according to consultancy EnergyQuest.

A $69 million gas storage facility will be built near Onslow by Duet Group subsidiary DBP Development Group to help producers and consumers smooth production profiles and cover planned outages.

SPECIAL REPORT: As WA households benefit from increased competition in gas retailing, the electricity sector wants to be able to compete with Synergy in providing to small customers, with some industry members calling for a reduction in the contestability threshold to 20 megawatt hours.

Prominent Perth businessman John Langoulant has succeeded John Driscoll as chairman of the Rottnest Island Authority.