MARKETS

Contact sells Ahuroa

ASX-listed Contact Energy is selling its North Island Ahuroa gas storage facility to First Gas subsidiary Gas Services New Zealand for NZ$200 million (A$180 million), but retaining the right to keep using it to meet its future needs.

 Taranaki Ahuroa gas storage facility.

Taranaki Ahuroa gas storage facility.

The AGS facility in Taranaki, New Zealand's only producing offshore gas basin, was opened by Contact in 2010 to store gas for its Stratford power station.    GSNZ operates one of New Zealand's largest...

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