Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

APA GROUP Capital/Financing Update 2018

Nov 15, 2018

64398_rns_2018-11-15_8928e641-d300-4ac3-a323-f4da4030e83b.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

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

==> picture [118 x 47] intentionally omitted <==

16 November 2018

ASX ANNOUNCEMENT

APA Group (ASX: APA)

(also for release to APT Pipelines Limited (ASX:AQH))

APA EXTENDS SERVICES TO GOLD MINES IN WA

APA Group (ASX:APA), a leading energy infrastructure business, today announced it has executed an agreement to extend and expand services to an existing customer in the Goldfields region, Western Australia. Under this contract, gas will travel over 1,200km across APA’s West Coast Grid.

The contract represents an extension and expansion of existing services and is expected to generate approximately $45 million of revenue, of which approximately $21 million is renewal revenues, over the 5 year contract period from mid November 2018. This contract is the most significant of three contracts that APA has entered into, to support the expansion of the Murrin Murrin Lateral.

Managing Director Mick McCormack said, “Over a number of years now, APA has invested significant amounts of capital in building our Western Australian assets in order to provide a reliable and safe energy delivery platform for our mining customers. Continuing to invest in our asset footprint to enable more certainty and growth opportunities for our customers is very satisfying as an infrastructure owner and operator. We have been working closely with all of our customers to provide cost effective services and the flexibility required to help them with their energy needs. We continue to look at ways of adding value to the services we provide to our customers to help them optimise their energy needs.”

==> picture [110 x 42] intentionally omitted <==

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: +61 406 42 775 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