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Channel Infrastructure buys 25% of Melbourne’s jet fuel pipeline for A$14.2M, expanding its Australasia presence.
Channel Infrastructure has acquired a 25% stake in Melbourne’s Somerton jet fuel pipeline for A$14.2 million, boosting its presence in Australia’s liquid fuels market.
The pipeline, critical for Melbourne Airport’s fuel supply, is operated by ExxonMobil with partners bp and Viva Energy.
The move supports Channel’s growth strategy in Australasia, complementing its existing operations in New Zealand, including the Marsden Point Energy Precinct.
The company remains on track for an ASX Foreign Exempt Listing in early 2026 and expects unchanged FY2025 financial results.
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Channel Infrastructure compra el 25% del gasoducto de combustible para aviones de Melbourne por A$14.2M, expandiendo su presencia en Australasia.