Stonepeak has entered into a definitive agreement to acquire Allgas, a gas distribution network located in Queensland, Australia, from the APA Group, Marubeni Corp. and other shareholders.
Allgas is the provider of gas haulage infrastructure in the catchment area spanning Brisbane to the northern tip of New South Wales, and separately, Toowoomba and Oakey. Its extensive network includes approximately 3,900 kilometers (2,400 miles) of distribution mains that supply approximately 120,000 households and businesses, nine gate stations and 123,000 metering devices.
Through its connection to major Queensland supply hubs and the extensive reserves available in the region, Allgas serves as a reliable source of energy distribution for its customers.
“This transaction underscores Stonepeak’s long-held conviction in natural gas as an essential component of the energy mix supporting global energy transition efforts, especially in Australia, where it continues to play an
