What Multinet Gas Networks does

Multinet Gas Networks (MGN) is a regulated natural gas distribution utility operating in Victoria, Australia, and is one of the constituent networks of the privately held Australian Gas Infrastructure Group (AGIG). The company owns and operates the gas distribution network across Melbourne's inner and outer east, the Yarra Ranges, and South Gippsland, delivering natural gas from APA GasNet's high-pressure transmission system to over 710,000-720,000 residential, commercial, and industrial customers. Core technology is physical distribution infrastructure: pipes, meters, and pressure regulation systems managed through conventional network management systems, with the asset base now 87% renewed to be compatible with renewable gas blends (hydrogen and biomethane).

The business model is a regulated B2B2C structure. Multinet does not sell gas directly to end users; instead, it charges network tariffs to ~16 licensed energy retailers (AGL, Origin Energy, Alinta Energy, Energy Australia, Engie, Red Energy, Powershop, Simply Energy, and others), who on-charge distribution costs as part of their retail gas bills. Tariffs and total allowed revenue are set by the Australian Energy Regulator under a five-year access arrangement framework (current period: July 2023 to June 2028), providing revenue visibility but capping growth to regulator-approved levels. Distribution tariffs are usage-based, billed to retailers, and recover the cost of pipe infrastructure, meter installation and replacement, connections, disconnections, and 24/7 emergency response.

Strategically, Multinet faces a material structural headwind: from 1 January 2024, the Victorian Government requires all new dwellings seeking planning permits to be all-electric, closing off new gas connections in greenfield housing. In response, AGIG/Multinet are pivoting toward a renewable gas transition pathway, committing to deliver carbon-neutral 100% renewable gas (hydrogen and biomethane) to customers by 2040 and no later than 2050, with operational proof-of-concept already running in AGIG's Hydrogen Park project areas. The current product portfolio spans the core network service plus add-on customer programs: Priority Services for vulnerable customers, a Gas Availability Check tool, gas heater service provider referrals, builder/developer connection services, customer claims processing, and home safety guidance. Revenue figures are not publicly disclosed, and Multinet operates as a private partnership (Multinet Gas Distribution Partnership ABN 53 634 214 009) acting on behalf of two private limited companies (Multinet Gas DB No 1 and DB No 2).

Name

Multinet Gas Networks

Legal name

Multinet Gas Distribution Partnership ABN 53 634 214 009 acting on behalf of Multinet Gas (DB No 1) Pty Ltd ABN 66 086 026 986 and Multinet Gas (DB No 2) Pty Ltd ABN 57 086 230 122

Website

https://multinetgas.com.au

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

251–500 employees

Short description

Multinet Gas Networks is a regulated Victorian gas distribution utility, part of AGIG, delivering natural gas through owned pipe infrastructure to over 720,000 residential, commercial, and industrial customers across Melbourne's inner/outer east, Yarra Ranges, and South Gippsland via licensed energy retailers.

Ownership category

akta.pro rank

Product category

Natural Gas Distribution

NAICS

Natural Gas Distribution (22121), Natural Gas Distribution (2212), Pipeline Transportation of Natural Gas (4862)

SIC

Natural Gas Distribution (4924)

akta.pro primary industry

Gas Mains (Distribution Pipelines) (EUAJABAA)

akta.pro secondary industries

Network Construction, Replacement & Uprates (Capex Programs) (EUAJABAL), Decarbonization Planning for Distribution Networks (RNG/H2 Readiness) (EUAJAEAL), Gas Distribution Network Operations & Dispatch (Control Centers) (TLAGADAC), Service Line Maintenance & Repair (Customer Laterals) (EUAJAMAC)

Keywords

• Natural gas distribution
• Gas distribution networks
• Gas utility services
• Regulated energy distribution
• Gas network infrastructure

Headquarters

HQ city

Mount Waverley

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Gas Distribution Network Tariffs: Multinet operates as a regulated gas distribution business. Network tariffs are charged directly to energy retailers, who then on-charge customers as part of their total gas bill. Revenue is regulated by the Australian Energy Regulator under a 5-year access arrangement framework.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Multinet Gas Networks owns and operates the regulated natural gas distribution network throughout Melbourne's inner and outer east, the Yarra Ranges and South Gippsland, transporting natural gas from the high-pressure transmission network to over 710,000 residential, commercial and industrial customers. The core service includes physical network operation, meter installation and replacement, connections/disconnections, 24/7 emergency fault response, and regulatory-compliant network tariff services. It also operates supporting programs such as the Priority Services Program for vulnerable customers and a Builders and Developers connection program.

Product overview

Multinet Gas Networks (MGN) is a gas distribution company and part of the Australian Gas Infrastructure Group (AGIG). The company operates a single integrated gas distribution network infrastructure product that distributes natural gas to over 720,000 residential and commercial customers throughout Melbourne's inner and outer east, the Yarra Ranges and South Gippsland. The core product is the Natural Gas Distribution Network, which includes supporting services such as the Priority Services Program for vulnerable customers, Gas Availability Check Service, Gas Heater Service Provider Referral network, Customer Claims Processing, and Builder/Developer connection services. The company also offers regulatory-compliant network tariff services and home safety guidance as part of its product portfolio.

Differentiator

Problem solved

Functional benefit

Products and services

• Natural Gas Distribution Network Regulated, owned-and-operated gas distribution network throughout Melbourne's inner and outer east, the Yarra Ranges and South Gippsland, transporting natural gas from the high-pressure transmission network (APA GasNet) to over 710,000–720,000 residential, commercial and industrial customers via pipes and meters. The network is being progressively renewed to enable transition to 100% renewable gas (hydrogen and biomethane blends).
• Priority Services Program Support program for Victorian customers experiencing vulnerability, providing access to a dedicated customer care team, gas appliance safety checks, and emergency repairs to gas hot water services, gas heaters and gas cookers. Designed for customers facing financial hardship, language barriers, chronic illness, age-related needs or young families.
• Gas Connection and Disconnection Services Services for connecting new properties to the gas network and for disconnecting or abolishing gas supply, including temporary disconnections for renovations and permanent abolishments for redevelopment. Customers initiate via their chosen retailer.
• Builders and Developers Program Information pack and dedicated services for builders and developers covering gas meter location requirements, network extension assessments, and the connection process for new constructions within Multinet's Victorian service territory.

Named customers1 record

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Australian Gas Infrastructure Group (AGIG)coreStrategic or Co-development Partner · 1 January 1997Multinet Gas Networks (MGN) is part of AGIG, which owns and operates gas transmission and distribution pipelines across Australia. AGIG is the parent company providing strategic direction, operational support, and corporate governance. MGN is specifically the gas distribution partnership acting on behalf of Multinet Gas (DB No 1) Pty Ltd and Multinet Gas (DB No 2) Pty Ltd.
• APA GasNetcoreTechnology or IntegrationAPA GasNet owns and operates the high-pressure transmission network. Multinet transports gas from this transmission network through its distribution network to residential, commercial, and industrial customers.
• Gas Retailers (AGL, Origin Energy, Alinta Energy, and others)coreChannel Partner/ Reseller/ DistributorMultinet works with multiple gas retailers who sell gas to end customers. Retailers manage the primary customer relationship, billing, and account management. Multinet handles the physical gas network infrastructure, connections, meters, and emergency services. Listed partner retailers include 1st Energy, AGL, Alinta Energy, CovaU, Dodo, Energy Australia, Engie, Globird Energy, Kogan Energy, Lumo Energy, Momentum Energy, Origin Energy, Powershop, Red Energy, Simply Energy, Solstice Energy, and Sumo Energy.
• Dant IndustriesminorStrategic or Co-development PartnerCollaborated with Dant Industries and RMIT University to manufacture a new burner head for the Eternal Flame at Melbourne's Shrine of Remembrance in 2019, based on original burner head drawings.
• RMIT UniversityminorStrategic or Co-development PartnerCollaborated with Dant Industries and RMIT University to manufacture a new burner head for the Eternal Flame at Melbourne's Shrine of Remembrance in 2019, ensuring the new burner met safety regulations.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• APA Group: Australia's largest natural gas infrastructure business, operating high-pressure transmission pipelines, gas storage, and gas-fired generation. Owns the APA GasNet transmission network that feeds gas into Multinet's distribution system. While broader and more upstream, APA is a key infrastructure peer and counterparty to Multinet.
• Snam S.p.A. One of the world's largest regulated gas transmission and distribution operators, based in Italy, with a leading position in hydrogen blending readiness across its European network. Serves as a global benchmark for regulated gas distribution transitioning to renewable/hydrogen molecules.
• AusNet Services: Victorian diversified energy infrastructure business operating electricity distribution and gas distribution in Victoria's west (compared to Multinet's east). Directly comparable in regulatory framework and Victoria gas exposure, with a broader electricity portfolio.

Direct peers

• Evoenergy: ACT-based gas distribution utility serving approximately 150,000 customers in the Australian Capital Territory and surrounding NSW regions. Operates the same regulated gas distribution model with similar AER-equivalent oversight and is actively exploring renewable gas blending, making it a directly comparable, if smaller, peer.
• Jemena: Owns and operates the gas distribution network in New South Wales serving more than 1.4 million customers, as well as a significant portion of Victoria's gas distribution through the AGN JV. Direct competitor in regulated gas distribution with a comparable AER-regulated tariff structure and a multi-state network footprint.
• Australian Gas Networks (AGN): Sister company also under the Australian Gas Infrastructure Group (AGIG), distributing natural gas to over 1.3 million customers across South Australia, Victoria, NSW, Queensland, and the Northern Territory. Operates the same regulated gas distribution business model with the same parent, technology stack, and energy transition roadmap, making it the most directly comparable peer to Multinet.
• Tas Gas Networks: Gas distribution utility serving Tasmania, operating regulated gas distribution under a similar state-based regulatory framework. Smaller scale than Multinet but with the same core product offering and a regional Australian footprint.
• Multinet Gas DB No 1 / DB No 2 Partnerships: The two underlying partnership entities (Multinet Gas DB No 1 Pty Ltd and DB No 2 Pty Ltd) for which Multinet Gas Distribution Partnership acts. Functionally the same regulated gas distribution network with identical assets, customers, and tariffs; referenced separately in regulatory filings.
• ATCO Gas Australia: Distributes natural gas to approximately 770,000 customers across Western Australia as a regulated monopoly. Operates the same AER-equivalent regulated gas distribution business model in a different state, with similar capital-intensive network infrastructure and a comparable scale customer base.

Others

• Envestra: Acquired by CKI/APA in 2017, Envestra historically operated regulated gas distribution networks in Victoria, South Australia, NSW, Queensland, and the Northern Territory, many of which now sit under AGN. A precursor comparable for regulated Australian gas distribution economics and the consolidation that created AGIG's footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Multinet Gas Networks