ORG origin energy limited

News: Origin's Contact Energy signs Maui gas deal

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    Origin Energy Limited (ASX:ORG) says Contact Energy Limited (NZE:CEN) will purchase between 22 and 26 petajoules of gas from Maui Development Limited.
     
    Origin holds a 53 per cent share in the New Zealand company Contact which says the gas deal covers two to three years and replaces an agreement that expired at the end of last year.
     
    Contact’s James Kilty says the agreement provides additional flexibility around the way the company uses gas to run its thermal power stations.
     
    Maui Development operates the Maui Pipeline which has the largest gas capacity in New Zealand.   
     
    Origin Energy reported a net profit of $638 million in the 2014 financial year. 
 
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Last
$12.41
Change
-0.330(2.59%)
Mkt cap ! $21.37B
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