Genesis sees another year of volatile gas supply; confident longer term

Wed, 28 Aug 2019

By Gavin Evans Aug. 29 (BusinessDesk) - Genesis Energy is expecting gas supplies to return to normal within two to three years but warns volatility will remain next year. The country’s biggest gas and electricity retailer has been running its coal-fired generation hard the past year due to restricted gas supplies and periods of low hydro storage. Chief executive Marc England says the coming year will remain volatile, given a month-long shutdown in November of the Kupe field it part-owns and a two-week shutdown of the Pohokura gas field...

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