New Zealand Oil & Gas Limited (AU:NZO) has released an update.
New Zealand Oil & Gas Limited (NZO) has announced the successful conclusion of its Amadeus Basin gas Expression of Interest, resulting in two new Gas Supply Agreements with the Northern Territory Government and an extension and amendment of an existing contract with Arafura Rare Earths. The agreements underline NZO’s commitment to providing a stable gas supply to the region, ensuring long-term revenue certainty, and supporting the energy transition with gas as a partner for renewables. The news comes alongside an update on the Northern Gas Pipeline outage, expected to continue until November 2024.
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