APA Group (“APA”), comprising Australian Pipeline Trust and APT Investment Trust, is the leading ASX-listed energy transmission business in Australia with interests in more than 10,000 km of natural gas pipeline infrastructure, over 2,300 km of gas distribution networks in south east Queensland, coal seam gas processing plants, gas-fired power stations, gas storage facilities and two high voltage direct current electricity interconnector systems. APA’s interests also extend to the provision of operations and maintenance services to ASX-listed gas distribution and transmission company Envestra (which owns 19,100 km of natural gas distribution networks and 1,029 km of natural gas transmission pipelines), a 17.2% stake in Envestra and a one-third interest in the SEAGas pipeline.

APA operates an internalised management structure with direct operational control over its assets and no fee leakage. APA employs over 1,000 people, who variously manage all commercial, regulatory, government and stakeholder-related issues, as well as the day-to-day operations and maintenance for both APA and third party assets.

APA generates strong cash flows that enable it to fund operating expenditures and capital to support the maintenance of existing infrastructure and the growth of that infrastructure.

APA Highlights

• Listed on the Australian Stock Exchange in June 2000.
• Acquired remaining minority interests in Roma to Brisbane Pipeline and Carpentaria Gas Pipeline in Queensland in 2001 and 2005 respectively.
• In August 2004, increased its ownership in Goldfields Gas Transmission Pipeline to 88.2% and acquired the Parmelia Gas Pipeline and Mondarra Gas Storage in Western Australia.
• From 2006, acquired or constructed a number of complementary businesses including:
  • Construction of Kogan North central gas processing facility;
  • Acquisition of Murraylink electricity interconnector for $153 million;
  • Commissioning of Daandine gas-fired power station;
  • Acquisition of the Allgas gas distribution business for $521 million;
  • Acquisition of Directlink electricity interconnector for $170 million, and
  • Commissioning of Tipton West gas processing facility.
• In June 2006 entered into a 25 year gas transportation agreement with Power and Water Corporation (Northern Territory) and committed to develop the Bonaparte Gas Pipeline.
• In December 2006, completed a full cash offer of $3.10 per stapled security for GasNet Australia Group.
• In July 2007, completed acquisition of Origin Energy Network assets for $556 million.
• In August 2007, Alinta distributed its APA securityholding to its shareholders as a part of the acquisition of Alinta Ltd by Babcock & Brown/Singapore Power International Consortium.
• In October 2007, paid $210 million to terminate or transfer to APA, the Alinta operating and maintenance services for many of APA’s key gas transmission pipelines.

More detailed information about particular assets can be found in the Our Energy Assets