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AAP

Business

Marion Rae

Gas pipes supply solid cash flow in energy transition

APA Adam Watson

New domestic gas supplies are needed to avoid shortages and price spikes, according to APA. (Joel Carrett/AAP PHOTOS)

New domestic supplies of gas, not import terminals, are needed to avoid shortages and price spikes, a gas pipeline operator warns, as annual profits soar.

"APA has delivered another solid financial and operating result ... with revenue, earnings and distribution growth," CEO Adam Watson said on Wednesday.

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