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APA Group buys Qld gas pipeline for $US5bn

Energy infrastructure business APA Group has announced the purchase of the QCLNG pipeline in Queensland for $US5 billion ($A5.41 billion).

APA said today it had entered into an agreement to buy the pipeline, which connects gas fields in the Surat Basin to the QCLNG plant on Curtis Island, near Gladstone.

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APA Group (APA)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/01/18

1 year TSR5 year TSR
444thAPA Group1%13%
709 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

th-APA Group$2,295.9m
77 listed non wa companies ranked by revenue.
Source: Morningstar

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