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Global infrastructure fund lands in Australia to feed gas to energy-hungry remote mines
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A US$24 billion American infrastructure fund has established an outpost in Australia with the aim of trucking LNG to diesel-reliant mines in remote Western Australia.
I Squared Capital has acquired Perth-based Clean Energy Fuels Australia and will pump up to $500 million into an energy transition platform to set up low-carbon and renewable energy assets across the country, with the first being a $100 million LNG terminal at Mount Magnet in WA s Mid West.