King & Wood Mallesons has advised the South Eastern Australia Gas (Mortlake) Partnership (the SEA Gas Mortlake Partnership), on its sale agreement to acquire the Mortlake Pipeline in Victoria for $245 million.

KWM also advised the SEA Gas Mortlake Partnership on its arrangements with Origin for the provision of long-term gas transportation and storage services on the pipeline.

The transaction is expected to be completed after 30 June 2016, and is part of Origin’s asset divestment process.

The SEA Gas Mortlake partnership comprises APA Group and the Retail Employees Superannuation Trust (REST), each with a 50 per cent interest.

The KWM team was led by Partner Craig Rogers, and supported by fellow Partner Vishal Ahuja, and Senior Associates Liam Dunstan, Cameron Mew, and Theadora Tsangari.

Commenting on the deal, KWM Partner Craig Rogers said, “We are delighted to assist, and have thoroughly enjoyed working with, the SEA Gas Mortlake Partnership to reach this important milestone on the transaction.”

Origin was advised by Herbert Smith Freehills.