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Jade Gas Secures A$1.1 Billion Funding Pact to Kickstart Red Lake Development
12:26pm on Monday 20th of July, 2026 AEST
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Energy
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Jade Gas Secures A$1.1 Billion Funding Pact to Kickstart Red Lake Development
12:26pm on Monday 20th of July, 2026 AEST
Key Points
Non-binding A$1.1bn funding agreement signed with PT Beijing Energy Linking consortium
Phase 1 development includes 175 wells and a scalable LNG liquefaction facility
Funding covers 100% of capital expenditure with repayment via gas sales revenue sharing
Drilling mobilisation targeted for early 2027 with up to 10 rigs deployed
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