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APA Group: Stop Beetaloo – Don’t Frack the Outback

Last updated: July 2026

APA Group is Australia’s biggest gas pipeline company, with plans to build thousands of kilometres of new pipelines to unleash fracking in the Beetaloo Basin on a catastrophic scale.

If APA Group’s pipelines go ahead, Beetaloo risks becoming not only one of the world’s largest fracked shale gas basins, but one of the largest gas fields ever developed.

No pipelines = No Beetaloo carbon bomb.

But here is the catch – to pull off the pipelines, APA Group will need billions of dollars in funding from banks.

Turning off the money tap can stop Beetaloo fracking dead in its tracks.

CommBank, NAB and Westpac have all ruled out directly funding APA Group’s Beetaloo pipelines — but ANZ continues to leave the door open.

Take Action today, tell ANZ to rule out APA Group’s Beetaloo pipelines!

Take Action

Tell ANZ to rule out APA Group’s Beetaloo pipelines today!

APA Group needs billions of dollars in funding from the banks to turn its pipe dreams into a climate-wrecking reality.

ANZ is the only ‘big four Australian bank’ that can directly fund APA’s Beetaloo pipelines. Tell ANZ to rule them out!

Together, we can Stop Beetaloo.

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Dear Nuno Matos and Paul O’Sullivan,

I call on ANZ to rule out funding projects and companies associated with gas fracking in the Beetaloo Basin, which risks becoming the biggest gas development in Australia’s history, and could be one of the largest fracked gas basins in the world. [1]

ANZ is increasingly being exposed to Beetaloo Basin fracking via clients APA Group, Santos and INPEX, who have all recently advanced plans linked to Beetaloo gas fracking and transmission. [2]

ANZ is now the only major Australian bank that has not ruled out financing new gas transmission pipelines dedicated to greenfield gas developments. This means ANZ could be the only big four bank to finance APA Group's proposed Beetaloo pipeline projects. [3]

ANZ must have nothing to do with Beetaloo.

For this reason I call on ANZ to urgently adopt the following three specific policy changes:

1. Rule out project finance for APA Group’s Beetaloo pipelines.

Bring ANZ’s oil and gas project finance policy settings into line with those of its domestic peers CommBank, NAB and Westpac3 by adopting a policy excluding project finance for infrastructure dedicated to new oil and gas extraction projects, including transmission pipelines.

2. Rule out new or renewed corporate finance for APA Group.

Including general-purpose corporate finance and capital markets activities, while the company continues to pursue new transmission pipelines for the Beetaloo Basin, including the proposed North to East Australia Pipeline (NEAP).

3. Strengthen its climate transition plan expectations, bringing them into line with domestic peers CommBank and NAB.

ANZ should require energy customers, including Santos and INPEX, to have credible Paris-aligned transition plans as a precondition for new and renewed finance. Expectations should include Paris-aligned capital expenditure, scope 3 emissions reduction targets, and a commitment not to develop new or expanded fossil fuel projects.

The Beetaloo Basin is being promoted as containing up to 500 trillion cubic feet of gas. If developed at that scale, it could become one of the world's largest fracked gas basins, with enormous climate impacts incompatible with the goals of the Paris Agreement and net zero by 2050.

Beetaloo is not a solution to Australia's energy affordability challenges. Its proponents are primarily targeting LNG exports, while analysts have identified Beetaloo gas as one of the most expensive potential new sources of supply due to the high costs of extraction and transport.

ANZ's climate commitments are inconsistent with supporting companies and infrastructure that would enable a major new fossil fuel expansion. I therefore urge ANZ to publicly rule out any support for Beetaloo fracking and provide a written response to these concerns.

ANZ must have nothing to do with Beetaloo.

[1] Stop Beetaloo – Don’t Frack the Outback, Market Forces https://www.marketforces.org.au/campaigns/projects/beetaloo/

[2], [3] Letter to ANZ, 20 April 2026: https://publications.marketforces.org.au/view/776314567/

Yours sincerely,

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TOOK ACTION: ANZ - APA Group email action - June 2026

APA Group’s pipe dreams would be a climate-wrecking reality

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Pipeline developer APA Group is planning to construct thousands of kilometers of pipelines to unleash extensive Beetaloo fracking.

Beetaloo is marketed by the fracking companies as one of the world’s largest and most significant shale gas reserves, containing 200 to “500 trillion cubic feet (TCF) of discovered and prospective gas resources.”*

While these figures are prospective, should Beetaloo hold this much gas and it be extracted and burned, Beetaloo would become not only one of the world’s largest fracked shale gas basins, but one of the largest gas fields ever developed.

In December 2025, APA Group announced the proposal for the North to East Australia Pipeline (NEAP) – a massive new transmission pipeline dedicated solely to Beetaloo gas extraction.

At 1,561 kilometers the NEAP would be among the largest gas pipelines in Australia and serve as critical enabling infrastructure for large-scale fracking in the Beetaloo, connecting the gas basin to LNG export terminals in Queensland.

APA is still in the early stages of planning the NEAP, but is aiming to begin construction as early as 2028.

But APA Group, like the fracking companies, is heavily reliant on the banks.

APA Group is already carrying more than $13 billion of debt, and would need the banks to issue billions more to be able to finance the construction of NEAP, estimated to cost around $4.9 billion.

ANZ is the only ‘big four bank’ able to directly fund APA’s Beetaloo pipelines. *

Take Action!

Learn more about Beetaloo fracking.

*Market Forces letter to ANZ, 20 April 2026

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