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MOU with APA Group
Recently the company entered a non-binding MOU with APA Group (ASX:APA) to investigate the provision of gas along a new pipeline to benefit the GVP.
TMT and APA have agreed a commercial framework to investigate the pipeline of about 152 kilometres to be developed by APA from the south to supply gas to the GVP.
In return, TMT would enter into a take or pay tariff over an agreed period linked to the life of the project.
Managing director Ian Prentice said: “We are very pleased to have entered into this agreement with APA on the development of a proposed new gas pipeline, providing low-risk delivery of gas to the project, cost reductions compared to the DFS as well as the opportunity to source gas from the significantly closer emerging Perth basin gas fields.”