Thursday, June 20, 2019

Apa Group News

Sole Offshore Construction Phase Completed

Orbost Gas Plant (Photo: APA Group)

Installation and testing of the 67 km control umbilical connecting the Sole gas field with the Orbost Gas Plant has been completed, marking the conclusion of the offshore construction phase of the Sole Gas Project, operator Cooper Energy said in an update on Monday.The offshore project, which was 93% complete at the end of February, is expected to be fully completed, ready and available to deliver gas from the Gippsland Basin offshore Victoria to APA Group’s Orbost Gas Plant by end-May 2019.

AGL LNG Import Project Slowed by Environment Review

© Kpics / Adobe Stock

Plans by Australia's AGL Energy to start importing liquefied natural gas from 2021 will be delayed after the state of Victoria called for the company and its pipeline partner to submit a full environmental assessment of their project.The review process typically takes nine to 12 months, which means AGL will not be able to reach a final investment decision on the A$250 million ($178 million) jetty project by June 2019…

AGL Energy Inks Deals for LNG Import Jetty

Australian power producer AGL Energy said on Tuesday it has signed two agreements for its planned liquefied natural gas (LNG) import terminal at Crib Point in the southeastern state of Victoria.The first is with pipeline firm APA Group to develop and construct the Crib Point Pakenham pipeline, and transport gas from the proposed LNG terminal to the domestic market, AGL said.The second is with the Port of Hastings Development Authority for the long-term use of Crib Point Jetty berth 2 to moor the floating storage an

WA’s First Co-located Solar Farm Powers Ahead

Infographic Large-scale solar PV investment priority Image ARENA

Western Australia’s Emu Downs Solar Farm is expected to begin construction within weeks after signing a funding agreement with the Australian Renewable Energy Agency (ARENA). The project is one of 12 around Australia supported by ARENA through its large-scale solar competitive round. The Emu Downs Solar Farm is being developed by energy infrastructure company, APA Group, and will produce enough energy to power 6,700 homes while creating an estimated 100 jobs during construction, mostly in the local region.

Australia looks to end ExxonMobil, BHP Joint Gas Sales

Australia's competition watchdog wants to break up a marketing joint venture between ExxonMobil Corp and BHP Billiton to help boost competition in the eastern Australian gas market, it said on Friday. Following a year-long investigation into gas supply concerns, the Australian Competition and Consumer Commission (ACCC) concluded suppliers have "taken advantage" of potentially lower gas supply to eastern Australia end-users to raise prices and place onerous conditions on buyers.

ARENA Boosts 22 Mega Solar Projects

Courtesy ARENA

The Australian Renewable Energy Agency (ARENA) today announced the short-list of projects invited to progress to the next stage of its $100 million large-scale solar photovoltaic (PV) competitive round. ARENA CEO, Ivor Frischknecht, said the expression of interest (EOI) phase had attracted strong interest, including several new entrants to the market, and the overall quality of proposals was high. “ARENA received…

LCK, APA Signs HoA for Gas Pipeline Connection

The three blue ticks represent the locating of significant historic drill data, originally believed to be lost, the attainment of the initial JORC Resources and this HoA with APA. The two gold ticks represent the heads of agreement with AET Investments and Archer Exploration to develop a chemical/fertilizer facility and a magnesia project respectively. The two red ticks represents the recent announcement of the strategic advisory agreement with EAS Advisors LLC and the sale of some treasury stoc

 Reviewing other infrastructure opportunities including power generation. Leigh Creek Energy Limited (“LCK”) signed a non-binding Heads of Agreement (“HOA”) with APT Pipelines Limited, a subsidiary of APA Group (“APA”, ASX: APA), which will allow the development of conceptual plans for the interconnection of the Leigh Creek Energy Project (“LCEP”) with the east coast gas markets. This is a major milestone in the development of the LCEP. The HOA will be effective for at least six months and up to 2 years.

BG Group Sells QCLNG Pipeline

BG Group plc announced it has completed the sale of its wholly-owned 543 kilometer pipeline network linking natural gas fields and the Queensland Curtis Liquefied Natural Gas (QCLNG) export facility to APA Group. This transaction has resulted in gross proceeds for BG Group of around $4.6 billion, reflecting indexation movements to the long term tariff payable since the transaction announcement on December 10, 2014, and in line with the $4.5 to $5 billion range provided in Q1 2015.

BG Group Takes Control of QCLNG

BG Group announced that operational control of Train 1 at its Queensland Curtis LNG plant has been formally transferred to QGC, BG Group's Australian subsidiary, from Bechtel Australia, which constructed the facility. In addition, the company announced that approval for the sale of its QCLNG gas pipeline has been received from BG Group's Train 1 equity partner, the China National Offshore Oil Company (CNOOC). As a result, the preconditions for sale of the QCLNG pipeline to APA Group have been satisfied in full.

BG Takes Control of Australian LNG Production Site

British gas producer BG has taken full operational control of the first production facility, known as Train 1, at its Queensland Curtis LNG plant in Australia from builder Bechtel, marking the official start of commercial operations. The Queensland plant is one of Australia's biggest capital infrastructure projects, involving $20.4 billion of investment from 2011 to 2014. It is a jewel in BG's LNG business that Shell said was one of the factors justifying its $70 billion takeover bid for BG.

BG Still Happy with Shell Bid

BG Group said on Friday it was still happy with Shell's $70 billion takeover bid despite a recent upturn in oil prices that led the company to increase the profit outlook for its liquefied natural gas (LNG) business. A near 20 percent rise in oil prices since Shell made its agreed bid for BG on April 8, when the cash and shares price valued BG at 47 billion pounds ($72.6 billion), has raised concerns that investors might question that valuation and put pressure on Shell to conclude the deal as quickly as possible.

BG Group Sells Australian Pipeline for $5b

Photo: BG Group

BG Group plc has agreed to sell its wholly-owned subsidiary QCLNG Pipeline Pty Ltd to APA Group, Australia's largest gas infrastructure business, for approximately $5 billion. QCLNG Pipeline Pty Ltd owns a 543 kilometer, large-diameter underground pipeline network linking BG Group's natural gas fields in southern Queensland to a two-train liquefied natural gas (LNG) export facility at Gladstone on Australia's east coast.