Huntly coal stockpile at 5-year high

Wed, 27 Jan 2021

Genesis Energy started 2021 with its biggest coal stockpile in five years, despite having increased its coal-burn by about 36 percent during the final six months of 2020.The country’s biggest energy retailer has been burning more coal at Huntly in recent years due to declining production from the Pohokura gas field and low inflows into many of the country’s hydro lakes.Its coal buying picked up in the December quarter which started and ended with below-average storage in the big hydro dams on the South Island. In December, the Natio...

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