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APA offloads Allgas stake to Stonepeak

Stonepeak snaps up full network in fresh capital rotation

Nathan-Lee Abrahams
Distribution network in the Allgas Gas Network in Brisbane (South), Gold Coast, Toowoomba and Oakey

Distribution network in the Allgas Gas Network in Brisbane (South), Gold Coast, Toowoomba and Oakey | Credits: APA

APA Group will sell its 20% stake in the Allgas gas distribution network to Stonepeak, further recycling capital out of non-core gas assets as it reshapes its portfolio for the energy transition.  ...

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