Why APA Group paid top dollar for a prized pipeline

The strategic benefits from the acquisition of the QCLNG pipeline will see APA Group cement its dominant position in the east coast gas transmission sector.

The $6.3 billion price-tag might raise some eyebrows, but given the strategic significance of BG Group’s QCLNG pipeline to APA Group and its determination to dominate the east coast gas transmission sector, it was a deal Mick McCormack needed to do.


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