APA holds steady on NT pipeline

The Australian Financial Review reports that the company has elaborated on its prospects of winning a potential $A800 million contract to build the pipeline, with the company being one of eleven bidders shortlisted by the Northern Territory (NT) Government.

NT Chief Minister Adam Giles told PPO News last year that APA was already more advanced than other possible developers, with a feasibility study well underway, and applications submitted for a pipeline survey licence.

Two main routes are being considered for the proposed pipeline, with one option being a 620 km pipeline from Tennant Creek to Mt Isa at an estimated cost of $A900 million.

Meanwhile, the second option involves a 1,000 km pipeline from Alice Springs to the Santos-operated Moomba gas plant in South Australia for approximately $A1.3 billion.

The NT Government is expected to reach a final decision on the project in September 2015.

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