APA has entered into a new three year multi-asset, multi-service gas contract with an energy provider.

The contract worth around $40 billion per annum was signed with AGL Energy and includes significant bi-directional capacity on APA’s East Coast Grid, which offers AGL continued haulage capabilities to service its needs.

The new agreement replaces a contract with AGL on the Moomba Sydney Pipeline that expires on 31 December 2016.

APA Group Managing Director, Mick McCormack, said, “This new contract with our long term customer, AGL, demonstrates the true value of APA’s East Coast Grid.

“By replacing a point-to-point, Moomba to Sydney delivery contract with bi-directional and multi-asset transportation contract, AGL is able to dynamically manage its gas portfolio and respond to market signals quickly.

“The Moomba Sydney Pipeline was our foundation pipeline when we listed in 2000 and it now plays an even more significant role linking the northern and southern markets as part of the gas grid we have built.”

The new agreement begin 1 January 2017.

Lauren Cella

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