Alcoa's pipeline investment seals natural gas supply for Wagerup
Oct 27, 2004 | 10:12 AM
| Kevin Foster
Alcoa's pipeline investment seals natural gas supply for Wagerup Alcoa Inc., Pittsburgh, has moved to secure a long-term supply of natural gas for its refineries in Western Australia by taking a stake in a consortium that is buying a natural gas pipeline.
Alcoa said it had acquired a stake of about 20 percent in the consortium, which is buying 100 percent of the Danpier-to-Bunbury natural gas pipeline for Australian $1.86 billion ($1.38 billion). The pipeline sale is expected to close this week.....
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