AUSTRALIA

APA wins QCLNG pipeline auction

BG's auction of the 543km Queensland Curtis LNG pipeline has beaten earlier $US4 billion expectations with Australian gas infrastructure player APA Group's winning bid reaching $5 billion ($A6 billion).

Blair Price

APA aims to raise $A1.84 billion through a fully underwritten entitlement offer while $US4.1 billion is expected to come from its syndicated bank bridge debt facility. "The acquisition of the QCLNG...

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