UPDATE: Mercury NZ forced to use satellite pix for gas market clues

Fri, 27 Sep 2019

(adds comment from OMV at sixth par) By Pattrick Smellie Sept. 27 (BusinessDesk) - An "unacceptable disclosure regime from gas suppliers" forced electricity generator and retailer Mercury NZ to use satellite photographs to work out what might be happening in the local natural gas market, according to chief executive Fraser Whineray. Unplanned outages at the Pohokura gas field, operated by Austrian oil and gas explorer and producer OMV, contributed to a period of "very high" wholesale electricity market spot prices in the last financial...

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