NZ's Contact Energy says to buy gas from Genesis
WELLINGTON, June 25
WELLINGTON, June 25 (Reuters) - New Zealand's largest listed power company Contact Energy on Wednesday said it had entered an agreement with Genesis Energy to buy gas from January 2015.
The company said it would buy 27 petajoules of gas over the term of the contract with Genesis, which is majority owned by the New Zealand government.
"Completing the supporting gas purchase with Genesis Energy is a significant step for Contact as we contemplate our future gas purchase needs," the company said in a statement.