APA approves A$700 million investment in gas pipeline project
APA Group approved an A$700 million ($491.6 million) investment in the Bulloo Interlink Pipeline, aimed at easing forecast gas supply shortages in southern Australia.
APA Group (ASX:APA) said on Thursday it had approved an A$700 million ($491.6 million) investment in the Bulloo Interlink Pipeline, a major east coast gas project intended to ease forecast supply shortages in southern Australia. The currency conversion is $1 = 1.4239 Australian dollars.