使用Player FM应用程序离线!
Mike Fuge: Contact Energy CEO on Methanex temporarily shutting down New Zealand operations
Manage episode 433931733 series 2098282
There's praise for a deal to free up gas to help keep the country's lights on.
The nation's biggest gas user, Methanex, will shut down Kiwi operations until October - and is selling its gas to Contact Energy and Genesis Energy.
It'll let them generate more power to combat a supply shortage that's sent power prices skyrocketing.
Contact Energy CEO Mike Fuge says it will cost Methanex some export earnings.
He says that's outweighed by the benefit to the country.
"In terms of the security of supply - that's what our focus is at the moment and we're very confident that we'll be able to see the country through."
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
7746集单集
Manage episode 433931733 series 2098282
There's praise for a deal to free up gas to help keep the country's lights on.
The nation's biggest gas user, Methanex, will shut down Kiwi operations until October - and is selling its gas to Contact Energy and Genesis Energy.
It'll let them generate more power to combat a supply shortage that's sent power prices skyrocketing.
Contact Energy CEO Mike Fuge says it will cost Methanex some export earnings.
He says that's outweighed by the benefit to the country.
"In terms of the security of supply - that's what our focus is at the moment and we're very confident that we'll be able to see the country through."
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
7746集单集
Alle episoder
×欢迎使用Player FM
Player FM正在网上搜索高质量的播客,以便您现在享受。它是最好的播客应用程序,适用于安卓、iPhone和网络。注册以跨设备同步订阅。