ASIC complaint lodged against APA Group By Jason Dasey APA Group, Australia's largest gas pipeline operator, has had a complaint lodged against it at ASIC. Equity Generation Lawyers (EGL) and Market Forces are accusing the APA Group of "misrepresenting the costs, scale and financial viability of producing fracked gas in the Beetaloo Basin, Northern Territory". Their report, Pipeline to Nowhere, claims that fracking the Beetaloo sub-Basin would produce nearly 9.5 times the entire gas required for Australia’s National Electricity Market for the next 25 years. They say it would take the market 237 years to use this much gas despite Australia’s net-zero by 2050 commitment. "We are urging ASIC to investigate how APA misled investors about the size of the gas resource in the Beetaloo Basin and why the company misrepresented the costs of producing the gas," said Kyle Robertson, Head of Research, Market Forces.
We've lodged a formal complaint against APA Group @insideapa.bsky.social regarding the #Beetaloo Basin gas fracking development in the Northern Territory.
www.abc.net.au/news/2026-03... #auspol #climate