Vector Signs Three Natural Gas Supply Contracts
10 Junio 2012 - 7:44PM
Noticias Dow Jones
By Lucy Craymer
WELLINGTON--New Zealand-based lines network and gas distributor
Vector Ltd. (VCT.NZ) has signed contracts to provide natural gas to
Fonterra Co-Operative Group Ltd., Mighty River Power Ltd. and New
Zealand Steel starting this year, the company said in a statement
Monday.
The company said the total of the contracts equated to up to
five petajoules annually, with the longest contract term six years.
No financial information was given.
Vector added it had also entered into an agreement with Royal
Dutch Shell Ltd. (RDSA.LN) to purchase five petajoules of gas a
year from Jan. 1, 2015, to Dec. 31, 2018.
"These transactions are significant to Vector as they extend
certainty of gas supply and sales volumes from now to 2018," Vector
Chief Executive Simon Mackenzie said.
Write to Lucy Craymer at lucy.craymer@wsj.com
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