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APA Group (ASX:APA), formerly Australian Pipeline Trust Limited, owns gas transmission pipelines located throughout Australia and a gas distribution network in south east Queensland and northern New South Wales. The Company undertakes the sale of transportation and related services to the producers, consumers and aggregators of gas through these gas transmission and distribution pipelines. In addition, APA owns two coal seam gas (CSG) processing plants, a gas-fired power station, gas storage facilities and two high voltage direct current interconnection systems, including underground transmission cables. APA owns over 12,000 kilometers of gas transmission pipelines and over 21,400 kilometers of gas distribution networks throughout Australia. In February 2007, the Company acquired the DirectLink electricity transmission assets linking the New South Wales and Queensland power grids. In July 2007, the Company completed the acquisition of the Origin Energy Networks assets.
The Australian Competition and Consumer Commission’s (ACCC’s) July 2022 interim report on its gas inquiry confirms the east coast energy crisis is likely to last beyond the winter of 2023. A forecast 70 per cent increase in gas demand for electricity generation (forecast to increase by 52 petajoules (PJ) to 126 PJ in 2023) and sustained, high international gas prices means
Graeme Bethune, CEO of EnergyQuest, discussed with NGW how global trends have shaped the Australian gas industry over the last year, and where the sector is headed.