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Northbridge Industrial Services Plc

APPEA emphasises industry role in Australian economy

Australian Petroleum Production and Exploration Association (APPEA) has highlighted the critical role oil and gas plays in providing energy to the Australian industry and households.

The association’s key statistics 2020 publication has reaffirmed the importance of liquified natural gas (LNG) in supporting Australia’s economic resilience.

Australia’s natural gas production (domestic use and LNG) increased by 11 per cent in 2019 compared with 2018, with production now doubling over the last five years.

Northbridge Industrial Services plc (LON:NBI) hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, Brazil and Korea, Northbridge has a global customer base.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.