Contact Energy Secures Seven-Year Gas Supply Deal With New Zealand Government
MT Newswires Live
Sep 23, 2025
Contact Energy (ASX:CEN, NZE:CEN) signed a seven-year deal with New Zealand's Ministry of Business, Innovation and Employment to supply around 1.7 petajoules (PJ) of gas yearly from Oct. 1 after the current contract expires on Sept. 30, according to a Tuesday filing with the New Zealand bourse.
The agreement ensures continued gas supply for around 100 government agencies, including schools and hospitals, while providing them with security of supply and price certainty, the filing said.
Financial terms were not disclosed.
In July, the company secured up to 7 PJ of gas annually until 2032 from Greymouth Gas, per the filing.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.