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.