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- Release Date: 11/06/12 12:08
- Summary: GENERAL: VCT: Boost to Vector's natural gas business
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VCT
11/06/2012 10:08
GENERAL
REL: 1008 HRS Vector Limited
GENERAL: VCT: Boost to Vector's natural gas business
Vector is pleased to announce it has completed three significant natural gas
sale contracts for a total volume of up to 5 PJ per annum.
Vector Chief Executive Simon Mackenzie said the contracts with three of New
Zealand's largest industrial gas users Fonterra, New Zealand Steel and Mighty
River Power, were for terms of one to six years from mid 2012.
Vector has also entered into an agreement with Shell to purchase 5 PJs per
annum of gas from 1 January 2015 until 31 December 2018.
"These transactions are significant to Vector as they extend certainty of gas
supply and sales volumes from now to 2018," said Mr Mackenzie.
He said signing three new contracts with blue chip customers was a
significant win in a very competitive market.
ENDS
About Vector
Vector is New Zealand's leading multi-network infrastructure company which
delivers energy and communication services to more than one million homes and
businesses across the country.
The company owns and manages a unique portfolio which consists of electricity
distribution, gas transmission and distribution, electricity and gas metering
installations and data management services, natural gas and LPG and fibre
optic networks.
Vector is listed on the New Zealand Stock Exchange with ticker symbol VCT.
Our majority shareholder, with voting rights of 75.4%, is the Auckland Energy
Consumer Trust (AECT).
For further information, visit www.vector.co.nz
End CA:00223727 For:VCT Type:GENERAL Time:2012-06-11 10:08:49
