The main contributing factors included higher gas volumes through the Victorian Transmission System due to colder weather, new revenue from pipeline and distribution expansions including the Moomba-Sydney pipeline amongst others, a full year of earnings from the

Berwyndale Wallumbilla Pipeline, and annual tariff increases across a number of assets.

APA spent $A215 million during the year expanding its gas transportation and storage infrastructure, including the acquisition of the Amadeus Gas Pipeline in the Northern Territory. APA spent a further $A172 million in acquiring the Emu Downs wind farm and development site which are located near its gas infrastructure assets in Western Australia.

A further $A114 million was spent increasing APA’s interest in a number of its energy investments, including the SEA Gas Pipeline, Hastings Diversified Utilities Fund and Envestra.

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APA Managing Director Mick McCormack said "The scale of our business and the diversity of our portfolio provide the platform for continuing future growth as well as ongoing earnings stability. In light of this, we have identified in excess of $A300 million of organic growth opportunities over the next few years.

"With the increasing demand for gas and cleaner energy in Australia, we expect strong growth in the infrastructure assets portfolio to continue as we work with our customers to develop cost efficient and innovative energy infrastructure solutions."

APA's full financial report can be accessed via APA’s website.