Press Release – Genesis Energy Genesis Energy and Methanex agree to short term gas supply Genesis will purchase between 3.4PJ and 4.4PJ over winter Methanex will temporarily idle one Motunui facility to improve New Zealands energy security Genesis and Methanex also agree a Winter/ …
Genesis Energy and Methanex agree to short term gas supply
Genesis will purchase between 3.4PJ and 4.4PJ over winter
Methanex will temporarily idle one Motunui facility to improve New Zealand’s energy security
Genesis and Methanex also agree a Winter/ Summer swap for 2022 and 2023
Genesis Energy and Methanex have agreed to a gas supply arrangement for between 3.4PJ – 4.4PJ over winter that will support security of supply for the country’s electricity system.
Genesis will purchase between 3.4PJ and 4.4PJ
over winter
Methanex will temporarily idle one
Motunui facility to improve New Zealand’s energy
security
Genesis and Methanex also agree a Winter/
Summer swap for 2022 and 2023
Genesis Energy and
Methanex have agreed to a gas supply arrangement for between
3.4PJ – 4.4PJ over winter that will support security of
supply for the country’s electricity system.
The
agreement comes at a time when the electricity market
remains under some stress due to low hydro levels and tight
gas supply and has relied on Huntly Power Station to fill
the void left by renewable sources. This provides the energy