Origin sells Queensland pipeline for $392m

Energy producer and retailer Origin is selling its Darling Downs pipeline network but has secured gas transportation services on the network.

Origin Energy has agreed to sell its Darling Downs pipeline network in Queensland to Jemena Gas Pipelines for $392 million.

The deal is part of Origin's asset sale program announced in 2015, which targeted raising $800 million through divestment of non-core assets by June 2017.

The energy producer and retailer has secured gas transportation services on the pipeline network for between 10 and 30 years as part of the agreement.