Asset Management

APA provides asset management, operating and maintenance services to a number of related parties, including Envestra Limited, the Ethane Pipeline Income Fund, Energy Infrastructure Investments and the Allgas Gas Network. 

The long term Envestra contract was part of the acquisition of the Origin Energy Asset Management group in July 2007, and included the transfer of the long term operations and maintenance of Envestra assets across five states and territories. 

The operation and maintenance agreement in relation to the Moomba Sydney Ethane Pipeline was transferred to APA as part of the termination of the Alinta Pipeline Management Agreement in October 2007.

APA retained management and operatorship of the assets sold into Energy Infrastructure Investments in December 2008.

In December 2011, APA sold Allgas into an APA minority-owned unlisted investment vehicle with APA maintianing a 20% equity interest, and equity partners Marubeni Corproation and RREEF, each holding a 40% interest. APA remains as asset manager and operator of the network under a 10-year asset management agreement, with two 5-year extension options.