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    APA   AU000000APA1

APA GROUP

(APA)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 12/03
9.43 AUD   -0.42%
12/01Cooper Energy - Response to article in The Australian
AQ
11/30Cooper Energy Reportedly in Talks to Buy Orbost Gas Processing Plant from APA
CI
11/28APA : continues to focus on enhancing safety
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

APA : welcomes NSW Hydrogen Strategy

10/12/2021 | 09:42pm EST

Leading Australian energy infrastructure business, APA Group, today welcomes the release of the NSW Government's Hydrogen Strategy.

As a leading Australian energy infrastructure provider APA looks forward to working with the NSW Government to unlock NSW's advantages in hydrogen, supporting the state's commitment for a lower carbon future.

"Gas and gas infrastructure will continue to play a critical role as the energy transition takes place," APA CEO and Managing Director Rob Wheals said.

"Gas will be vital to supporting renewables growth and Australia's decarbonisation pathway, but the gas industry is also well placed to diversify and deploy decades of knowledge, capability and critical infrastructure to play a leading role in developing the low emissions technologies of tomorrow, at scale, and to support our own ambitions for a net zero future.

"It is absolutely clear that Australia and NSW have a natural competitive advantage in hydrogen and with billions of dollars already invested in gas infrastructure across the country, it makes sense to look at ways to use our existing energy infrastructure to support the state's transition to a low carbon future.

"While there are economic challenges, and the science of developing a clean hydrogen economy continues to develop, Australia is a step ahead with an abundance of wind and solar to power the production of renewable 'green' hydrogen and an existing network of pipelines potentially capable of transporting hydrogen for domestic use or export."

APA's gas pipelines not only connect our cities and regional areas, but they are linked and adjacent to some of the best geographical locations for hydrogen production, such as renewable energy zones.

APA's Pathfinder program, which will be a key enabler in APA's efforts to achieve net zero operations emissions by 2050, is looking at hydrogen energy solutions of the future as well as other innovations and technologies that will help APA leverage its existing capabilities.

Last month APA joined a consortium of Australian and Japanese energy players in an effort to establish Queensland's largest green hydrogen project.

Through APA's Pathfinder program, APA has joined Stanwell and Japanese companies Iwatani Corporation, Kawasaki Heavy Industries, Kansai Electric Power Company and Marubeni to commence a detailed feasibility study into the development of a large-scale green hydrogen project in Central Queensland.

APA has also partnered with Future Fuels CRC and Wollongong University to test the ability of a section of the Parmelia Gas Pipeline in Western Australia to carry up to 100 per cent hydrogen.

While the first phase of testing confirmed the technical viability of the pipeline to transport hydrogen, the second phase of testing is expected to prove the operational capacity of the existing gas transmission pipeline to transport hydrogen in pure form or blended with natural gas.

Following the completion of the testing, the pilot project results will also support decision-making for the potential transition of other APA assets to be hydrogen-ready.

Disclaimer

APA Group published this content on 13 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 October 2021 01:41:01 UTC.


ę Publicnow 2021
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Financials
Sales 2022 2 652 M 1 857 M 1 857 M
Net income 2022 313 M 219 M 219 M
Net Debt 2022 9 487 M 6 642 M 6 642 M
P/E ratio 2022 35,1x
Yield 2022 5,62%
Capitalization 11 126 M 7 812 M 7 790 M
EV / Sales 2022 7,77x
EV / Sales 2023 7,57x
Nbr of Employees 2 000
Free-Float 99,8%
Chart APA GROUP
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APA Group Technical Analysis Chart | APA | AU000000APA1 | MarketScreener
Technical analysis trends APA GROUP
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 9,43 AUD
Average target price 9,86 AUD
Spread / Average Target 4,55%
EPS Revisions
Managers and Directors
Robert Anthony Wheals Chief Executive Officer, Director & MD
Adam Watson Chief Financial Officer
Michael Anthony Fraser Chairman
Darren Rogers Group Executive Operations
Debra L. Goodin Independent Non-Executive Director
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