Mike Fuge: Contact Energy CEO on Methanex temporarily shutting down New Zealand operations

Heather du Plessis-Allan Drive

Innhold levert av NZME and Newstalk ZB. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av NZME and Newstalk ZB eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.

2M ago 2:49

MP3•Episoder hjem

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 episoder

#New Zealand Current Affairs #New Zealand #NZME #Newstalk ZB #News