New Zealand Oil & Gas has signed a two-year, 0.38 PJ Gas Supply Agreement with South32 Cannington Pty.
Ltd., commencing 1 January 2023.
The agreement contains take-or-pay provisions and a fixed price, reflecting strong market conditions.
Gas will be supplied from the Mereenie Joint Venture, aggregating to a total of 2.19 PJ.
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The deal is subject to regulatory approvals and commercial conditions.
Every sector of the Australian share market has lost ground.
The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.
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