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Home Science News APA's new gas generator remains in UNGI limbo, can't find a customer

APA’s new gas generator remains in UNGI limbo, can’t find a customer

APA Group has told shareholders that it sees new growth opportunities in emerging clean energy markets, as the collapse in gas prices dents valuations of the company’s gas facilities, and a planned gas generator remains stalled due to Morrison government delays.

APA is one of Australia’s largest owners of gas infrastructure, including a portfolio of more than 15,000 kilometres of natural gas pipelines, but has recently branched out into the clean energy sector, with investments in wind and solar power stations, as well as hydrogen production facilities.

The gas producer told shareholders that it expects to play a substantial role in the Morrison governments ‘gas led’ recovery while also acknowledging that the company would need…

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