Business
APA Group (ASX:APA) share price flat despite major project news
The APA Group (ASX: APA) share price has had a mixed day of trading today after the company announced a new project in Western Australia. Shares in the gas distributing giant are currently trading flat at $10.59, the same price as yesterday’s close. However, the APA Group share price was as high as $10.78 in early morning trade.
What is the new project?
The APA Group announced an investment of up to $460 million to construct a 580km, 12″ pipeline in Western Australia. The new pipeline will connect emerging gas fields in the Perth Basin to the resource rich Goldfields region, forming an interconnected WA gas grid.
The company said the new pipeline would be connected to its existing pipeline. In doing so, this would create a gas…
-
General22 hours agoIsraeli forces open fire towards diplomatic delegation touring Jenin in the northern West Bank
-
General18 hours agoRegional house price growth outstrips capital cities
-
General18 hours agoRestaurants on the brink as business failures plateau
-
General15 hours agoCharlotte McConaghy calls for climate change action in new novel Wild Dark Shore