Brief: Incitec Pivot In Advanced Negotiations With Queensland Pacific Metals For Long-Term Gas Supply

QPM Energy

05/04/2023 02:27

April 5 (Reuters) - Incitec Pivot Ltd  IPL.AX :
    * IN ADVANCED NEGOTIATIONS WITH QUEENSLAND PACIFIC METALS TO
SECURE LONG-TERM GAS SUPPLY FOR MORANBAH PLANT
    * PROPOSED NEW AGREEMENT WOULD COMMENCE IN APRIL 2026
FOLLOWING
EXPIRY OF CURRENT GAS SUPPLY AGREEMENT FOR MORANBAH
    * NEGOTIATIONS WITH QPM CONTINUE FOLLOWING ITS ANNOUNCEMENT
TODAY
OF ENTRY INTO AN AGREEMENT TO ACQUIRE MORANBAH GAS PROJECT
    * NEGOTIATIONS WITH QPM INCLUDE POTENTIAL FUNDING SUPPORT
FROM
DYNO NOBEL MORANBAH TO FURTHER DEVELOP MORANBAH GAS PROJECT
    * QPM'S ACQUISITION OF MGP IS CONDITIONAL ON DYNO NOBEL
MORANBAH
CONSENTING TO ASSIGNMENT TO QPM OF ITS EXISTING GAS SUPPLY DEAL

Source text for Eikon:  ID:nASX1R48cn 
Further company coverage:  IPL.AX 

 ((Reuters.Briefs@thomsonreuters.com;))