APA Group, Cooper Energy enters into agreement

摘要

APA Group and Cooper Energy have announced the execution of a non-binding heads of agreement aligning the two companies in the development of Gippsland Basin gas projects to bring new sources of gas supply to south east Australia. Under the heads of agreement, APA will acquire the Orbost Gas Processing Plant from Cooper Energy for an amount reflecting Cooper Energy's expenditure on the Orbost Gas Processing Plant in respect of the Sole Gas Project.