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APA Group (ASX:APA) and Origin Energy Limited (ASX:ORG) have inked a new transportation and storage services agreement, under which APA will help Origin to transport gas from Victoria to New South Wales.
APA says the new agreement is for six years and will commence at the expiry of the current contract in December.
To increase the gas flow, APA will lift capacity by 59 per cent at a cost of about $65 million.
The group says capital works will commence this year with an expected completion date of winter 2015.
APA managing director Mick McCormack says the group continues to adapt its gas pipeline infrastructure to serve the needs of its customers.
APA generated a net profit of $296 million in fiscal 2013.
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