APA Group commits A$700 million to Bulloo Interlink gas pipeline
APA Group approved an A$700 million investment in the Bulloo Interlink Pipeline to ease forecast gas shortages in southern Australia. Commercial operations are targeted for winter 2029.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
Australia's APA Group has approved a final investment decision of A$700 million ($491.6 million) for the Bulloo Interlink Pipeline, a major gas project on the east coast. The aim is to ease forecast gas supply shortages in southern Australia.
APA's total commitment to the project, including A$220 million of early works approved in February, comes to about A$920 million. Construction is set to start in early 2027, with commercial operations targeted for winter 2029, subject to regulatory approvals. The company said the pipeline is the third stage of its East Coast Gas Grid expansion.
APA also signed a five-year, take-or-pay gas transportation and storage agreement with Origin Energy, with inflation-linked terms. Shares of both companies were broadly flat in early trade.
why it matters
The project matters for Australia's domestic gas market and for energy supply to southern states later this decade. For investors it is a long-term signal about demand for transport infrastructure rather than an immediate driver of share prices.
market impact
Australian gas: new capacity reduces shortage risk in the south; limited direct effect on APA and Origin Energy shares
tags
instruments
sources
- Australia's APA commits $492 million for key gas pipeline project — Reuters, 22 October 2026 at 00:11 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗