APA Group ready to add to pipeline portfolio Meanwhile, APA is...

APA Group ready to add to pipeline portfolio

Meanwhile, APA is examining new organic growth opportunities as it budgets for about $400 million of investment this financial year.

The biggest green-field opportunity on the horizon is the proposed pipeline to connect the Northern Territory with the national gas grid, for which NT Chief Minister Adam Giles announced a tender process this month.

Canada's Enbridge, DUET Group and Jemena are also understood to be considering bidding to build the NT line, which was the subject of an industry briefing in Alice Springs on Friday.

Seems to be a lot of interest in this, despite what the Negative Nancies here would have us believe. The key is that it's an NT government initiative so the economics don't necessarily have to stack up immediately - they don't care, unlike Santos, if there won't be enough gas to justify a pipeline for a few years. It's more of a "build it, and they will come" approach, which is exactly what's needed.

They should hopefully have a cool 200 PJ ready from CTP to start off when the pipeline opens, anyway!