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Northbridge Industrial Services Plc

Further supply supports domestic gas market

Australia’s oil and gas industry has welcomed a new three-year gas supply agreement which helps to support industrial manufacturing in Brisbane, APPEA said today.

The announcement that Australia Pacific LNG and Armour Energy will provide gas to the Incitec Pivot plant in Brisbane adds to the significant number of new gas supply agreements announced in 2017, 2018 and so far in 2019 to provide natural gas to domestic customers.

APPEA Chief Executive Andrew McConville said the gas supply agreement will provide certainty for the manufacturer and is further evidence of the large investment industry has made to increase substantially the flow of gas to the east coast domestic market.

 

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.