History
Since listing in 2000, APA has significantly increased its portfolio of gas infrastructure assets. At the time of listing APA had a portfolio of pipelines across four states, with an interest in 7,700km of pipelines and transporting approximately a quarter of the gas used in Australia.
APA today owns or has an interest in major gas infrastructure assets in every mainland state/territory. It has an interest in over 12,000 km of pipelines and 23,000 km of distribution networks, and transports more than half of the natural gas used in Australia.
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2000 | - June - the Australian Pipeline Trust lists on the Australian stock exchange.
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2001 | - February - APA acquires remaining 15% interest in the Roma Brisbane Pipeline.
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2003 | - March - APA increases its interest in the Goldfields Gas Pipeline to 48.5%.
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2004 | - August - APA acquires CMS Energy Corporation’s Western Australian assets, including the Parmelia Gas Pipeline, the Mondarra gas storage facility and its interest in the Goldfields Gas Pipeline for $206 million. APA's interest in the Goldfields Gas Pipeline increases to 88.2%.
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2005 | - February - APA acquires the remaining 30% interest in the Carpentaria Gas Pipeline for $98 million.
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2006 | - March - APA completes construction of and commissioning of Kogan North gas processing facility.
- APA acquires Murraylink electricity interconnector for $153 million.
- June - APA enters into a 25 year gas transportation agreement with Power Water Corporation (Northern Territory) and commits to the development of the Bonaparte Gas Pipeline.
- November - APA acquires the Allgas gas distribution business for $521 million.
- December - APA completes the GasNet acquisition with a $3.10 full cash offer per GasNet stapled security, totalling $446 million.
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2007 | - January - APA restructures as a stapled entity comprising Australian Pipeline Trust and APT Investment Trust.
- APA completes construction and commissioning of the 27 MW Daandine Power Station, Queensland.
- February - APA acquires Directlink electricity interconnector acquisition for $170 million.
- March - APA completes construction of the Tipton West gas processing facility.
- June/July - APA acquires the Origin Energy Networks assets for $556 million. The assets include one third interest in the SEA Gas Pipeline, 17% interest in Envestra, the long term asset management agreement to operate Envestra's assets (including the requisite resources) and a number of other energy assets.
- October - Termination of agreement with Alinta concerning operation and maintenance of APA’s foundation pipelines for $207 million.
- November - APA completes the construction and commissioning of the 30 MW X41 Power Station (Xstrata) at Mt Isa in north western Queensland.
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| 2008 | - August - APA acquires the Central Ranges Pipeline in NSW for $23.5 million.
- December - APA completes construction of the 287 km Bonaparte Gas Pipeline in the Northern Territory.
- December - APA established Energy Infrastructure Investments (EII), selling a number of its annuity-style assets into EII. APA retains 19.9% equity and remains asset manager and operator of the assets.
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2009 | - February - APA increases its equity interest in Envestra Limited by 11% to 30.5%.
- October - The EII consortium comprising APA (20.2%), Marubeni Corporation (39.9%) and Osaka Gas Company Ltd. (39.9%) purchased the North Brown Hill wind farm project from AGL Energy.
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2010 | - March - APA extended its transmission footprint into the Surat Basin's coal seam gas reserves with the $82.6 million acquisition of the Berwyndale to Wallumbilla Pipeline from AGL Energy.
- April - APA increased its interest in Hastings Diversified Utilities Fund (HDF) to 14.9% and subsequently increased its interest to 17.5%.
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