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APA GROUP — Capital/Financing Update 2011
Apr 27, 2011
64398_rns_2011-04-27_250b18d8-f061-48e6-ba7f-a4bec411a1b2.pdf
Capital/Financing Update
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28 April 2011
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ASX RELEASE
The Manager
Company Announcements Office Australian Securities Exchange 4[th] Floor, 20 Bridge Street Sydney NSW 2000
Electronic Lodgement
Dear Sir or Madam
Company Announcement
I attach the following announcement for release to the market:
- APA expanding capacity of the Roma Brisbane Pipeline
Yours sincerely
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Mark Knapman Company Secretary
28 April 2011
ASX RELEASE
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APA expanding capacity of the Roma Brisbane Pipeline
APA Group (ASX:APA), Australia’s largest natural gas infrastructure business, today announced it has entered into commercial agreements that will underpin a $50 million capacity expansion of its Roma Brisbane Pipeline to meet the increased demand for new transport services for its customers in Brisbane.
Design and procurement activities for the expansion project are already underway with the expansion scheduled to be completed in the second half of 2012. The capacity of the Roma Brisbane Pipeline will be increased by approximately 10 per cent as a result of this project.
This expansion will involve the installation of an additional compressor at the Dalby Compressor Station, duplication of a 6 km section of the Roma Brisbane Pipeline and works which will allow the pipeline operating pressure to be increased.
The additional capacity has been substantially contracted under long term transportation agreements with an energy retailer and a major industrial gas user.
APA Managing Director Mick McCormack said the Roma Brisbane Pipeline’s capacity has been increased incrementally for the last 30 years in line with the growth in demand for gas.
“This expansion continues the trend of growth for this pipeline, now with more than five times its original capacity. With the increasing use of natural gas in Australia’s energy mix, we don’t see this trend abating.
“The Roma Brisbane Pipeline is Australia’s oldest natural gas pipeline. However, the expansion clearly demonstrates that it continues to be a vital piece of energy infrastructure in Queensland,” he said.
For further information please contact:
Investor enquiries: Media enquiries: Chris Kotsaris Matthew Horan Investor Relations APA Group Cato Counsel Telephone: (02) 9693 0049 Telephone: (02) 9212 4666 Mob: 0402 060 508 Mob: 0403 934 958 Email: [email protected] Email: [email protected]
About APA Group (APA)
APA is Australia’s largest natural gas infrastructure business, owning and/or operating more than $8 billion of gas transmission and distribution assets. Its pipelines and assets span every state and territory on mainland Australia, delivering more than 50% of the nation’s gas usage. Unique amongst its peers, APA has direct management and operational control over its assets and the majority of its investments. APA also holds minority interests in energy infrastructure enterprises including Envestra, SEA Gas Pipeline, Hastings Diversified Utilities Fund and Energy Infrastructure Investments.
For more information visit APA’s website, www.apa.com.au
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