Gas pipeline giant APA Group will expand its east coast gas grid to allow for a 24 per cent increase in the volume of gas piped south from Queensland amid a worsening squeeze of gas in Victoria that threatens to make the state reliant on LNG imports.
The five-year plan, and investment of $75 million, came as APA reaffirmed its forecast for a slight increase in annual dividends of 1.8 per cent on Monday.
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