Page 4 - Mapa Group News Today

The former chief financial officer and interim chief executive has been awarded the top job as the gas pipeline owner grapples with the energy transition.

The formal abandonment of the Western Slopes Pipeline project leaves Santos’ proposed Hunter Gas Pipeline as the primary option for getting Narrabri gas to market.

The A$13bn ($9.79bn) acquisition of Australian company APA Group by a Hong Kong-based consortium led by CK Infrastructure Holdings (CKI) has collapsed.

APA Group has inched into the preferred bidder spot in bankrupt electricity interconnector Basslink’s sale, after binding bids last week. 

APA will construct, own and operate the Hunter power project’s gas pipeline connection to the Sydney -Newcastle pipeline, along with a 70 terajoule gas storage facility.

The Virgin Australia band’s getting back together at underwater electricity transmission cable Basslink. 

The Orbost plant processes gas from Cooper’s Sole gas field offshore Victoria for supply to customers in south-east Australia.

The energy crisis gripping the east coast of Australia underscores the importance of APA’s A$270mn investment to expand its east coast gas grid by 25%, the company said.

APA will use the proceeds to refinance the variable debt used to fund the acquisition of Basslink debt, contribute to funding its growth projects and for general corporate purposes.

APA Group is a company in Australia which owns and operates natural gas and electricity assets. It is Australias largest natural gas infrastructur...