Stonepeak has announced its intention to acquire Allgas, a significant gas distribution network in Queensland, Australia, from its current shareholders, underlining its focus on the natural gas sector as a pivotal element in the energy transition.

Target Information

Allgas is a prominent gas distribution network located in Queensland, Australia, currently under the ownership of the APA Group (ASX: APA), Marubeni Corporation, and other shareholders. The network offers substantial gas haulage infrastructure that services the area from Brisbane to the northern part of New South Wales, as well as Toowoomba and Oakey. Allgas operates an extensive network comprising approximately 3,900 kilometers of distribution mains, supporting around 120,000 households and businesses. This infrastructure includes nine gate stations and 123,000 metering devices, establishing Allgas as a critical provider of energy distribution in the region.

The company is strategically connected to major gas supply hubs in Queensland and benefits from the vast reserves in the area, ensuring reliable energy distribution for its customer base. Allgas’s role in facilitating energy access reinforces its significance in supporting economic growth and energy security in Queensland.

Industry Overview in Australia

The Australian gas distribution industry is a vital segment of the nation’s energy sector, continuously evolving in response to both regulatory changes and market demands. With natural gas recognized as a cleaner alternative to coa