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
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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.