APA Group Declares Interest in Queensland LNG Pipelines
02 5월 2013 - 12:06PM
Dow Jones News
By Ross Kelly
SYDNEY--APA Group (APA.AU) is interested in buying pipelines
that may be sold by large gas-export joint ventures, Chief
Executive Nick McCormack said.
"Absolutely we're interested," he said on the sidelines of a
conference Thursday. "They've got my phone number."
Joint ventures that include the participation of BG Group Plc
(BG.LN) and Origin Energy Ltd. (ORG.AU) have said they're
considering selling some project infrastructure such as pipelines
to boost capital. The ventures are designed to manufacture
so-called liquefied natural gas, or LNG, to be exported to Asian
utility companies.
Mr. McCormack said the ventures pay be particularly interested
in selling the core pipelines running from gas fields in Queensland
state's Surat Basin to the port of Gladstone on the coast. He added
that any deals would be more straightforward once the pipelines had
been built over the next year or so.
Write to Ross Kelly at ross.kelly@wsj.com
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