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APA GROUP — Capital/Financing Update 2018
Dec 9, 2018
64398_rns_2018-12-09_20625998-8461-4414-9210-f70fbfa676eb.pdf
Capital/Financing Update
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Australian Pipeline Ltd ACN 091 344 704 | Australian Pipeline Trust ARSN 091 678 778 | APT Investment Trust ARSN 115 585 441 Level 25, 580 George Street Sydney NSW 2000 | PO Box R41 Royal Exchange NSW 1225 Phone +61 2 9693 0000 | Fax +61 2 9693 0093 APA Group | apa.com.au
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10 December 2018
ASX ANNOUNCEMENT
APA Group (ASX: APA) (also for release to APT Pipelines Limited (ASX: AQH))
APA SUPPORTING SUMMER ENERGY NEEDS
APA Group (ASX:APA), a leading Australian energy infrastructure business, today announced it has signed a variation to an existing multi-asset gas transportation agreement on APA’s East Coast Grid. The agreement commences in January 2019, replacing an existing agreement that expires on that date, and will generate total revenue in the order of $40 million over the following 3 years.
Managing Director Mick McCormack said, “APA continues to work with its customers to make the most of our interconnected system, so that customers can maximise the efficiencies in their energy portfolios. This new deal makes particular use of Australia’s first gas pipeline, the Roma Brisbane Pipeline and will help meet the electricity needs of the people of Queensland, particularly across the summer months.”
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Nevenka Codevelle Company Secretary Australian Pipeline Limited
For further information please contact:
Investor enquiries: Media enquiries: Jennifer Blake Louise Watson Telephone: +61 2 9693 0097 Telephone: +61 2 8011 0591 Mob: +61 455 071 006 Mob: +61 419 185 674 Email: [email protected] Email: [email protected]
About APA Group (APA)
APA is a leading Australian energy infrastructure business, owning and/or operating in excess of $20 billion of energy infrastructure assets. Its gas transmission pipelines span every state and territory on mainland Australia, delivering approximately half of the nation’s gas usage. APA has direct management and operational control over its assets and the majority of its investments. APA also holds ownership interests in a number of energy infrastructure enterprises including SEA Gas Pipeline, SEA Gas (Mortlake) Partnership, Energy Infrastructure Investments and GDI Allgas Gas Networks.
APT Pipelines Limited is a wholly owned subsidiary of Australian Pipeline Trust and is the borrowing entity of APA Group.
For more information visit APA’s website, apa.com.au