Alcoa to Sell 20% Stake in Dampier to Bunbury Gas Pipeline to DUET Group

Alcoa of Australia on Thursday announced it has agreed to sell its stake in DBP, the owner and operator of the Dampier to Bunbury Natural Gas Pipeline (DBNGP) to DUET Group.

DBP is currently owned 20 per cent by Alcoa and 80 per cent by DUET. The sale is expected to close in early April.
 
As part of the transaction Alcoa will maintain its current access to approximately 30 per cent of the DBNGP transmission capacity for gas supply to its three alumina refineries. Alcoa is Western Australia’s largest user of natural gas and biggest pipeline customer.

In 2004, Alcoa was part of a consortium that acquired the pipeline. The DBNGP includes a parallel pipeline that runs alongside more than 80 percent of the original pipeline.

Alcoa of Australia is owned 60 per cent by Alcoa Inc. and 40 per cent by Alumina Limited.