Incitec Pivot Ltd. (IPL), Southbank, Victoria, reported on April 5 that it is in advanced negotiations with Queensland Pacific Metals Ltd. (QPM) for a long-term gas supply agreement to its Moranbah ammonium nitrate (AN) manufacturing plant in the state.
The new agreement would start in April 2026 following the expiration of the current gas supply deal to the plant.
IPL said the negotiations with QPM continue following QPM’s announcement of an agreement to acquire the Moranbah Gas Project in Queensland’s Bowen Basin. QPM’s acquisition of the Moranbah Gas Project is conditioned on Dyno Nobel Moranbah Pty Ltd., a wholly-owned subsidiary of IPL, consenting to the assignment to QPM of its existing gas supply agreement.
The negotiations with QPM include potential funding support from Dyno Nobel Moranbah to further develop the Moranbah Gas Project.