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ASX:APA

10 stories mentioning ASX:APAUpdated 3d ago

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Asia

APA Group Welcomes Proposed Energy Security Requirement Policy in Victoria

APA Group (ASX:APA) welcomed the proposed Victorian energy security requirement policy, saying the initiative will support investment in dispatchable energy generation to assist the state's transition away from coal, according to a Monday statement."We know significant investment is needed in new gas-powered generation and storage projects if Victoria is to securely transition away from coal," APA Group CEO Adam Watson said.The company's AU$213 million expansion of its South West pipeline is underway to help meet projected peak-day shortfalls in Melbourne later in the decade, Watson added.

ASX:APA
Asia

APA Group Says Australian Energy Regulator Approves its AU$213 Million Victoria Pipeline Expansion

APA Group (ASX:APA) welcomed the Australian Energy Regulator's decision to approve APA's proposed AU$213 million expansion of the South West Pipeline in Victoria, according to a Friday Australian bourse filing.Work will begin immediately on the delivery of the pipeline expansion, with the procurement of compression units targeted for the end of July.The regulator also approved AU$31 million for APA to move ahead with additional early works to maintain the option for potential future looping of the South West Pipeline and Brooklyn-Lara Pipeline.The proposed expansion will allow more gas to be injected into the Victorian Transmission System (VTS) to address projected gas shortfalls in the state on peak winter days starting from 2029.It includes two new compressor stations at Pirron Yallock and Stonehaven that will allow additional gas from the Otway Basin in Port Campbell, and Lochard's Iona underground gas storage facility.

ASX:APA
Asia

APA Group Advances Environmental Approvals for Bulloo Interlink Pipeline

APA Group (ASX:APA) has referred the Queensland and New South Wales sections of its proposed Bulloo Interlink Pipeline for Commonwealth environmental assessment under the Environment Protection and Biodiversity Conservation Act, advancing stage three of its East Coast Gas Grid expansion, according to a Thursday statement by the company.The underground pipeline will link the company's South West Queensland Pipeline with the Moomba to Sydney Pipeline, creating a more direct gas transport route and boosting north-to-south capacity by about 30% to help meet expected southern gas shortfalls from 2028.The company is advancing environmental studies and design ahead of a final investment decision later this year, with construction planned for 2027, subject to approvals, and completion targeted for 2028.

ASX:APA
Asia

APA Group Increases Final Dividend

APA Group (ASX:APA) declared a final distribution of AU$0.305 per security for the six months ending June 30, payable on Sept. 16 to shareholders on record as of June 30, according to a Thursday Australian bourse filing.It declared a final dividend of AU$0.30 per security in the previous year.Its shares fell 1% in recent trading on Friday.

ASX:APA
Asia

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses.Insurance Australia Group (ASX:IAG): -4%, AU$7.82Block (ASX:XYZ): -3%, AU$96.49Xero (ASX:XRO): -2%, AU$74.65Wisetech Global (ASX:WTC): -1%, AU$37.11Goodman Group (ASX:GMG): -1%, AU$30.44Origin Energy (ASX:ORG): -1%, AU$10.95Telstra Group (ASX:TLS): -1%, AU$5.39APA Group (ASX:APA): -1%, AU$10.20QBE Insurance Group (ASX:QBE): -1%, AU$23.65Meridian Energy (ASX:MEZ): -1%, AU$4.81

ASX 200ASX:APAASX:GMGASX:IAGASX:MEZASX:ORGASX:QBEASX:TLSASX:WTCASX:XROASX:XYZ
Asia

APA Group Awards Engineering Services Agreement to Worley

APA Group (ASX:APA) awarded an engineering services framework agreement to Worley (ASX:WOR) for gas transmission and storage projects in Australia, according to a Wednesday filing with the Australian bourse.Worley will provide services on an exclusive single contractor partnering model under the agreement, which has an initial three-year term. The services will be delivered mainly from Worley's Brisbane office, with specialist support from Melbourne.

ASX:APAASX:WOR
Asia

APA Group Secures Nearly AU$2 Billion in Debt to Fund Growth Strategy

APA Group (ASX:APA) has raised AU$1.5 billion through AU$1 billion in hybrid subordinated capital securities and AU$500 million in 10-year senior notes to support its ongoing expansion plans, according to a Thursday Australian bourse filing.The hybrid component is split into two 30-year instruments of AU$400 million and AU$600 million, both paying a fixed 6.77% interest rate and callable after 7.5 years, while the senior notes carry a 10-year maturity with a 6.42% interest rate, the filing said.

ASX:APA
Asia

Moody's Affirms 'Baa2' Rating for APA Group

APA Group (ASX:APA) has had its "Baa2" long-term credit rating affirmed by Moody's Ratings with a stable outlook, according to a Tuesday Australian bourse filing.The agency highlighted the company's stable energy infrastructure assets and strong cash flow visibility, while modestly revising its downside funds-from-operations-to-debt threshold to 7% from 8%, the filing added.

ASX:APA
Asia

Elixir Energy Front-Runner in Queensland-Based Taroom Trough, Says Euroz Hartleys

Elixir Energy (ASX:EXR) is a key pick to tap the potential of the Taroom Trough, an emerging onshore oil and gas basin in Queensland that is gaining mainstream attention, Euroz Hartleys said Monday in a note.Queensland Premier David Crisafulli last week led federal officials on a visit to the Taroom Trough with operators including Elixir Energy to highlight the basin's potential as a source of energy security.Elixir, much like the oil giant Shell, which is steering the commercialization of the basin, commenced feasibility work on Friday with APA Group (ASX:APA) on a pipeline linking potential Taroom Trough gas production to the Wallumbilla Gas Hub, improving access to domestic and export markets. Early drilling results from these companies are suggesting encouraging resource potential.Euroz Hartleys is betting on Elixir as the company trades at about half the valuation of basin peer Omega Oil and Gas (ASX:OMA) despite holding the largest net acreage and resource position in the Taroom. Additionally, Elixir holds a 50% stake in the Diona well, a side project close to the Taroom, which could support small-scale and near-term production if testing is successful.Euroz Hartleys maintained its speculative buy rating on Elixir Energy and raised its price target to AU$0.28 from AU$0.19.

ASX:APAASX:EXRASX:OMA
Asia

APA Group Signs Three-Year Partnership With Energy Technology Company

APA Group (ASX:APA) entered into a three-year partnership deal with Siemens Energy to support Australia's energy transition, the energy infrastructure company said in a statement on Monday.The agreement enables early engagement and cooperation between the two companies to deliver energy infrastructure, such as large-frame gas turbines, across APA's national portfolio of gas-fired power generation, renewables and power projects, per the statement.

ASX:APA

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