Genesis positioning for NZ energy transition

Fri, 27 Nov 2020

New Zealand’s energy sector will undergo a “very big transition” during the next five to 10 years and Genesis Energy needs to be well-positioned to create the best value from that, chief executive Marc England said.A sale of the firm’s 46 percent stake in the Kupe gas field is not a fait accompli, but the company needs to consider carefully how best to use the capital it has tied up the project, England said on a conference call with analysts and journalists.The strategic review announced today wasn’t driven by an...

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