APA extends gas transportation agreement with Incitec Pivot

Company News

by Anna Napoli

APA Group (ASX:APA) has signed a three year extension to an existing gas transportation agreement (GTA) with Incitec Pivot Limited (ASX:IPL).

The agreement supports the continuing operation of IPL’s Gibson Island manufacturing plant until January 2023
APA says it is proud to be helping keep Australian manufacturers operating and hundreds of Australians employed.

The agreement comes after IPL secured gas supply from a new permit release near Chinchilla, Queensland.

Shares in APA (ASX:APA) are trading 0.68 per cent lower at $10.17.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.