Queensland Pacific Metals (ASX:QPM) said its unit QPM Energy has finalized the agreements relating to its Townsville Power Station (TPS) dispatch rights contract and North Queensland Gas Pipeline (NQGP) gas transport and storage services contract, according to a Wednesday filing with the Australian bourse.
In August, QPM Energy signed a ten-year contract with RATCH Australia Corporation (RAC) to secure dispatch rights for 100% of TPS's 160MW gas turbine capacity once current arrangements expire.
The gas producer also signed a ten-year contract with NQGP for gas transport and storage services, the filing said.
The company maintains the key commercial terms announced in August, which stated that the agreements will significantly reduce fixed operating charges, strengthening the company's financial position and accelerating its gas production growth plans.
QPM Energy also said that annual fixed charges under the agreements are expected to drop by 83% compared to current terms and the new terms will boost the company's financial performance for the year by over AU$30 million, the filing added.
"The financial benefits expected to flow on from these agreements are now locked in and we look forward to the commencement of these new contracts from July 2025," Chief Executive Officer David Wrench said.
QPM Energy's shares rose 4% in recent Wednesday trade.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。