TAG makes Sidewinder gas sale to Vector

Auckland gas distributor and wholesaler Vector is to buy up to 3.5 Petajoules a year of gas from TAG Oil’s Sidewinder field until Dec. 2014.

Vector Chief Executive Simon Mackenzie said the company was looking forward to continuing the relationship with TAG and encouraging their endeavours to find more gas.

Vector has also renewed a long term gas contract to Carter Holt Harvey, one of the country’s largest gas users and established a new contract to supply the Methanex plant at Waitara with 3PJs of gas over the next 12 months.

(BusinessDesk)

BusinessDesk.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Vector ekes out 2.3% gain in FY profit as technology unit bolsters earnings
Vector may beat guidance for FY 2013, suffer 2014 earnings drop
Vector cleared to buy Contact Energy's gas metering business for $63M
Vector to cut gas distribution prices by 18 percent
Vector 1H result up 10.8 percent in flat economy
ComCom takes issue with Vector on regulated rates of return
Vector credit rating may come under scrutiny
Vector profit steady, underpined by revenue growth
Long-running battle over power line prices coming to a head
Vector appoints Beddoe as chief risk officer