Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Fletcher Challenge Energy Signs Gas Contract

Fletcher Challenge Energy Signs Gas Contract with Contact Energy

14 June 2000, Auckland – Fletcher Challenge Energy has entered into an agreement to purchase gas from Contact Energy. The agreement provides Fletcher Challenge Energy with an option to purchase gas from Contact for a period of two years, commencing later this year.

Fletcher Challenge Energy intends to sell gas purchased from Contact into the gas contract that it holds with ECNZ, being the contract that was recently upheld by the High Court. The quantities of gas that Fletcher Challenge Energy can purchase from Contact are sufficient to satisfy the first two years of its gas supply obligations under the ECNZ contract.

“We negotiated this deal in the lead up to the recent High Court decision to ensure that we could meet our obligations under the ECNZ contract,” said Mr Rick Webber, General Manager New Zealand for Fletcher Challenge Energy. “We believe that this is a good deal for both Fletcher Challenge Energy and Contact, and it also demonstrates commitment to our goal of being the gas supplier of choice to large New Zealand customers.”

ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Super Fund/Canada Bid v NZTA: Tow Preferred Bidders For Auckland Light Rail

The two preferred delivery partners for Auckland light rail have been chosen and a final decision on who will build this transformational infrastructure will be made early next year, Minister of Transport Phil Twyford announced. More>>

ALSO:

9.3 Percent: Gender Pay Gap Unchanged Since 2017

“While it has remained flat since 2017, the gender pay gap has been trending down since the series began in 1998, when it was 16.2 percent,” labour market statistics manager Scott Ussher said. More>>

ALSO:

Ex-KPEX: Stuff Pulls Pin On Media Companies' Joint Ad-Buying Business

A four-way automated advertising collaboration between the country's largest media companies is being wound up after one of the four - Australian-owned Stuff - pulled the pin on its involvement as part of a strategic review of its operations ... More>>

Bus-iness: Transdev To Acquire More Auckland And Wellington Operations

Transdev Australasia today announced that it has agreed terms to acquire two bus operations in Auckland and Wellington, reaching agreement with Souter Investments to purchase Howick and Eastern Buses and Mana Coach Services. More>>

ALSO: