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Convenience Retail property transaction. The
success of this transaction and having now
received the proceeds underpins our decision
to deliver this Buy-Back for shareholders.
We are aiming to buy back around $300
million worth of Shares which represents
approximately 5% of our outstanding Shares.
AMPOL, November 23, 2020
APA forms WA gas grid with

new pipeline

as associated gas produced from oil wells and Eyre Peninsula GatewayTM in southwest South Leading Australian energy infrastructure
natural gas from small-scale gas fields, and Australia is planned to commence commercial business, APA Group, today announced
supplies the gas in the form of compressed production of green hydrogen and ammonia investment of up to $460 million to construct a
natural gas (CNG) to industrial customers. towards the end of 2022. Green hydrogen new 580 km, 12” pipeline in Western Australia
SE Group plans to pursue reductions of produced by water electrolysis using power to connect emerging gas fields in the Perth Basin
CO2 emissions in the country by increasing derived from renewable energy sources such as to the resource rich Goldfields region, forming
utilization of unused gas and encouraging wind and solar, will be used in the manufacture an interconnected WA Gas Grid.
industrial customers, who consume liquid of green ammonia, and to demonstrate The Northern Goldfields Interconnect
fossil fuels with high CO2 emissions, to fuel- hydrogen-powered gas turbine generators. (NGI) is expected to be operational around
switch to natural gas. MHI will participate in the project by mid CY2022.
TOKYO GAS, November 26, 2020 contributing engineering resources to the FEED APA CEO and Managing Director,
study phase, and also by providing key plant Rob Wheals, said “Having developed an
equipment, including hydrogen gas turbines and interconnected gas grid on the East Coast that
EAST ASIA hydrogen compressors. As part of the project, flexibly and seamlessly moves gas throughout
MHI and H2U will investigate synergies with eastern Australia, we are thrilled to now
MHI to invest in green nearby industrial operations, including shared be creating one for Western Australia. By
connecting existing pipelines, our investment
infrastructure for the further reduction of total
hydrogen, ammonia in CO2 emissions in the region. decision to build the NGI will not only add
capacity to the system but will also increase
MITSUBISHI HEAVY INDUSTRIES, November
South Australia 26, 2020 gas supply options for customers. This
will open up new regions for development
Mitsubishi Heavy Industries (MHI) has supporting thousands of jobs both during and
agreed to make a capital investment in OCEANIA post-construction.”
H2U Investments, the holding entity of The NGI will connect to APA’s Goldfields
the H2U Group. The H2U Group includes Ampol unveils off-market Gas Pipeline (GGP) which in turn connects to
The Hydrogen Utility (H2U), the leading APA’s Eastern Goldfields network – creating an
Australian developer of green hydrogen buy-back plan interconnected APA gas pipeline system covering
and green ammonia projects using power 2,690 kms from north to south and west to east.
derived from renewable energy sources. The The Ampol Board has decided to undertake Wheals noted that over the past five years,
agreement also includes MHI’s support for an off-market Buy-Back and invites APA had already expanded its gas pipeline
H2U’s projects and business development shareholders to participate. system by almost 500 kms of pipelines
initiatives, including supporting the Front- The Buy-Back is aimed at achieving a servicing the eastern Goldfields region.
End Engineering and Design (FEED) study balance between maintaining a safe and Wheals said investment in the NGI would
for H2U’s Eyre Peninsula GatewayTM project sustainable business, returning capital to deliver double the additional capacity (~80
in South Australia. shareholders and retaining the flexibility to TJ/day) to the Goldfields region compared
South Australia has a rich endowment invest capital for future growth opportunities. with spending the same amount to expand
of wind and solar resources, and is now the We believe that the Buy-Back will benefit all the existing GGP. The GGP is currently fully
leading economy, globally, in the integration our shareholders, whether or not you choose contracted at ~202 TJ/day. Importantly, in
of variable renewable energy into its electricity to participate. This is because the Buy-Back addition to providing cost-effective capacity for
generation mix. By leveraging abundant is expected to improve Ampol’s earnings per customers today, the NGI also provides further
renewable energy resources in the region to share and return on equity. APA, November 25, 2020
produce green hydrogen and green ammonia In 2020 our business performance has
as part of the State’s carbon-free energy been resilient, considering weak economic Armour updates on Surat
solutions, the initiatives will help decarbonize conditions and the continued impacts of
mineral processing and agricultural industries COVID-19 on transport fuels demand. We work program
in the region, and lay the foundation to export have remained disciplined in delivering
locally produced green hydrogen and green our strategy and we continue to focus The Board is pleased to provide an update on
ammonia to Japan and other destinations to on improving cost and capital efficiency. the Surat 2020 Work Program which is being
help drive industrial decarbonization on a Furthermore, this year we have delivered on conducted on its 100% owned and operated
global scale. The first project of the initiatives, a key initiative with the announcement of our Kincora Gas Project.

Week 47 26•November•2020 www. NEWSBASE .com P19