APA Group

Shares / Stock Code

APA

Stock Exchange / Sharemarket

ax

APA Group (APA) is an established energy transmission infrastructure in Australia which comprises Australian Pipeline Trust and APT Investment Trust. The Company has a gas transmission pipelines infrastructure spread all over Australia and a gas distribution network in south east Queensland and northern New South Wales. APA has over 1,000 people employed. APA listed on the ASX on 13 June, 2000. The Company provides the sale of transportation and related services to the producers, clients and aggregators of gas via these gas transmission and distribution pipelines. The Company also possesses two coal seam gas (CSG) processing plants, a gas-fired power station, gas storage facilities and two high voltage direct current interconnection systems, together with underground transmission cables. APA has over 12,000 kilometers of gas transmission pipelines and over 21,400 kilometers of gas distribution networks located throughout Australia. The Company took over the DirectLink electricity transmission assets linking the New South Wales and Queensland power grids in February 2007. It acquired Origin Energy Networks assets in July 2007.

APA was created with a focus to enable AGL to control regulatory risk in its gas transmission pipelines. The Company has two 20 years agreements, the pipeline management agreement and a pipeline development agreement with AGL, from the date of listing. APA operates an internalized management structure and poduces strong cash flows that enable it to finance operating overheads and capital which helps in the maintenance of existing infrastructure and the development of that infrastructure.

APA Group History

APA Group was listed on the Australian Stock Exchange on 13 June 2000, with the initial public offer price of $2.00 per unit. Australian Pipeline Ltd (APL) is the responsible entity for APA. The Company gained an interest in over 7,100km of pipelines in June 2000 by acquiring the majority of AGL’s Australian gas transmission assets. The Company took over the remaining minority interests in Roma to Brisbane Pipeline and Carpentaria Gas Pipeline in Queensland in 2001 and 2005 respectively. In August 2004, APA completed its acquisition of the Parmelia Gas Pipeline and Mondarra Gas Storage in Western Australia and acquired 88.2% interest in Goldfields Gas Transmission Pipeline.

APA signed a 25 year gas transportation agreement with Power and Water Corporation (Northern Territory) in June 2006 to build up the Bonaparte Gas Pipeline. It completed a full cash offer of $3.10 per stapled security for GasNet Australia Group in December 2006. In July 2007, APA acquired Origin Energy Network assets worth $556 million. Alinta distributed its APA securityholding to its shareholders as a part of the acquirement of Alinta Ltd by Babcock & Brown/Singapore Power International Consortium in August 2007. In October 2007, APA paid $210 million for the transfer of the Alinta operating and maintenance services to APA for many of its principal gas transmission pipelines.