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APA Group commits $700M to Bulloo pipeline to boost gas supply to southern Australia by 2029

Market News
21 Oct 2026
Proactive Investors
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APA Group commits $700M to Bulloo pipeline to boost gas supply to southern Australia by 2029

APA Group has announced a $700 million investment to build the Bulloo Interlink Pipeline, connecting Queensland and New South Wales to enhance gas supply to southern markets. The pipeline will transport up to 800 terajoules of gas daily and is expected to start commercial operations in winter 2029. This project is part of a broader expansion to increase north-to-south gas transport capacity by around 30%. Supported by a five-year agreement with Origin Energy, the pipeline aims to prevent supply bottlenecks amid expected gas shortages and aligns with government efforts to secure domestic gas supply on the east coast.

APA Group shares trade at USD 49.34 on Pluang as of Oct 22, 2026 07:41 WIB, down 1.11% for the day. The stock's market cap stands at $17.48 billion, reflecting steady investor interest. Volume reached over 5.2 million shares, indicating active trading amid the company's major pipeline investment news.

More News (APA)

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