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


Fletchers Gas Sales Agreements With Methanex


Fletcher Challenge Energy Signs Gas Sales Agreements With Methanex

AUCKLAND, 21 December 2000 - Fletcher Challenge Energy has signed two gas sales agreements with Methanex New Zealand Limited.

The first sales agreement is for the 20 petajoules of gas that will be supplied primarily from the existing McKee field. The supply commenced in early December and continues for a period of almost three years.

The second sales agreement provides for the delivery of Mangahewa gas from the start-up of production from that field through to October 2002. Fletcher Challenge Energy is proceeding with the development of the onshore Taranaki Mangahewa gas field and the field is expected to be on-stream by July 2001.

The Mangahewa field was discovered by Fletcher Challenge Energy in 1997 with the drilling of the Mangahewa-2 well. The agreement with Methanex provides for an early start-up of the Mangahewa field and will deliver accelerated gas and condensate revenues. The development of the new field will improve New Zealand’s diversity of gas supply.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Gita Hits NZ: 'It Was Literally Like A Wall Of Water'

"We were looking at the river at 80 cubic metres at about 4pm thinking it was amazing that we'd dodged the bullet ... an hour and a half later it was 600 cubic metres, and it just kept going up to 900 from there." More>>


Closing Or Selling Regionals: Fairfax Starts NZ Endgame

Fairfax Media Group will close or sell 35 percent of its New Zealand print titles as the Australian group pursues a digital strategy for the kiwi unit, now rebranded Stuff. More>>

Fletcher Building: Norris Steps Down As Chair After New $486M Loss Provision

Ralph Norris will step down as chairman of Fletcher Building after the company took a further $486 million provision for project losses at its Building + Interiors unit and said 14 of the unit's 73 projects, worth $2.3 billion, are loss-making or 'on watch'. More>>


WWF: Concerns With Suggestion To “Scrap” Fishing Monitoring

“Our Pacific neighbours, like Fiji and the Solomon Islands, are making this work with far less economic resources than New Zealand. There’s no reason the government can’t get this done by October.” More>>