APA to develop Crib Point pipeline

Crib Point in Victoria.

Crib Point in Victoria.

APA Group has entered into a Development Agreement (DA) and a 20 year Gas Transportation Agreement (GTA) with AGL for the Crib Point Pakenham Pipeline (CPPP).

The CPPP is estimated to cost between $160 and $200 million, with the transaction still subject to a final investment decision (FID) from AGL on the development of a LNG floating storage regasification unit (FSRU) and related offshore facilities.

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