APA Group reached a final investment decision to build the Bulloo Interlink Pipeline, a natural gas pipeline between Queensland and New South Wales. The project could help alleviate projected shortfalls in the more heavily populated southeast of Australia.
Construction is scheduled to begin early next year, with commercial operations targeted for winter 2029, APA Group said Bloomberg Terminal in a filing to the Australian Stock Exchange on Thursday.
The investment decision was supported by a five-year transport and storage agreement with retailer Origin Energy Ltd.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing