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APA GROUP — Capital/Financing Update 2018
Feb 27, 2018
64398_rns_2018-02-27_0b0cb9cf-d7cd-4159-937c-1d47e71696c9.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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28 February 2018
ASX ANNOUNCEMENT
APA Group (ASX: APA) (also for release to APT Pipelines Limited (ASX: AQH))
NEW GAS TRANSPORTATION AGREEMENT FOR EAST COAST DOMESTIC MARKET
Australia’s leading energy infrastructure business, APA Group (ASX: APA) announced today that it had entered into a new agreement for gas transportation and storage services from Queensland to southern markets. APA will earn total revenues in the order of $40 million over the contracted period of 3 years from 2018.
APA’s Managing Director, Mick McCormack said, “This is the 16[th] contract entered into by APA in the east coast market since 1 August 2017 and I am very pleased to see this agreement come together and facilitate the flow of more gas into the east coast domestic market. We work very closely with our customers as our interests are aligned to their requirements. The gas industry is focused on delivering affordable and reliable gas to end users.
“This type of deal is a prime example of the energy industry working together and responding to market conditions. The flexibility provided by APA’s interconnected grid and service offerings allows the industry to provide cost effective solutions for Australia’s energy challenges.”
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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 Australia’s leading 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