BG QLD pipeline enters final bidding stage

The Australian Financial Review has suggested that the company is counting on support from its shareholders, given its recent earnings boost on the back of the sale of its interest in Envestra.

APA Group Chairman Len Bleasel said the company continues to focus on further “opportunities to build, own and operate pipeline”.

“We’re in a good position if we need to spend money, and when we spend money it’s an investment and that will add to the returns we’ll be able to give to our security holders.”

Although the bidding process continues to take place behind closed doors, Canada’s Enbridge and China’s Cheung Kong Infrastructure are said to have prepared offers for the asset.

The 340 km, 1,066.8 mm export pipeline from Wandoan in the Surat Basin to north-east of Gladstone is part of the Queensland Curtis LNG (QCLNG) Project, a CSG-to-LNG production and export facility in Gladstone.

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