The Australian Pipeline Trust (APA) has announced it now plans to bid alone for the Dampier to Bunbury Natural Gas Pipeline (DBNGP).
Jim McDonald, Managing Director said today “Since the entry of shippers into the bidding, the sales process has become increasingly complex and uncertain.”
“We can understand how a company preparing to invest in Australia for the first time could become frustrated by this process. “
“APA has completed its due diligence process and remains well prepared to bid. “
“APA continues to have the support of our major unitholders, AGL and Petronas, and despite the inconvenience caused by its partner withdrawing, is continuing to plan to submit a bid for the pipeline this Friday August 27, as requested by the receiver.”

JK McDonald
Managing Director