APA granted petroleum survey licence for its proposed Galilee Moranbah Pipeline

Company News

by Anna Napoli

APA Group (ASX:APA) has been granted a Petroleum Survey Licence (PSL) by the Queensland Government for its proposed Galilee Moranbah Pipeline (GMP).

Now that the PSL has been awarded, APA has commenced the process of engagement with a range of stakeholders including state and local government elected representatives, exploration tenement holders and landowners.

Joint Venture partner, Comet Ridge and APA will be conducting a combined field visit later this month, in order to extend office-based desktop work into the field.

APA are working under the terms of the PSL to investigate the proposed pipeline route to seek stakeholder feedback, to refine the proposal and to assess the most efficient infrastructure required to connect the substantial gas resources located in the Galilee Basin with industrial and domestic gas markets in the eastern states.

The company says gas demand in the east coast market remains high, exacerbated by exploration bans in southern states. Construction of the GMP would give the Comet Ridge and Vintage Galilee Deeps Joint Venture (GDJV) access to this market.

The GMP could connect to the existing North Queensland Gas Pipeline (NQGP) which moves gas from Moranbah to Townsville.

Shares in APA (ASX:APA) are trading 0.09 per cent lower at $11.16.