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Chairman George Bennett told the company's annual general meeting that APT’s primary gas haulage contract on the MSP would end in December and the company was negotiating new contracts with existing users and potential new users.
In addition, acquiring new pipelines in Western Australia and Queensland had reduced the company’s reliance on the MSP, according to Bennett.
APT was now well placed for a sound financial performance this year, he said.
Chief executive Michael McCormack said the company looking for acquisitions, not only pipelines, but also complementary assets such as coalbed methane processing plants and power stations.
McCormack said greenfield natural gas projects around Australia also offered great opportunities for APT. He cited the $3.5 billion plan to pipe gas from Papua New Guinea to Australia as one example.
"A green light for this project will be a major opportunity," he said.
