National Security Concerns Over Hong Kong Utility Cki's Takeover Of Gas Pipeline Company Apa May Be Overblown
They say fears are unwarranted as gas transmission is not as large a security risk as telecommunications and electricity. : National security concerns over a Chinese bid for major Australian gas pipelines are overblown as they don't pose the same risk as telecommunications and electricity assets, say energy experts. The $13 billion bid by Hong Kong-based utility CKI for APA won Australian Competition and Consumer Commission approval this week and is now waiting for Foreign Investment Review Board recommendation. There is concern that potential foreign ownership could put the control of Australia's gas transmission assets at risk.