Contact secures gas from Methanex
Contact Energy Limited Level 2 Harbour City Tower, 29 Brandon Street, Wellington 6011 | PO Box 10742, Wellington 6143
P: +64 4 499 4001 | W: contactenergy.co.nz
7 May 2025
Contact secures gas from Methanex
Contact has reached an agreement with Methanex to purchase ~2.8PJ of gas to be supplied
over an eight-week period, starting immediately.
“In light of the lowest first-quarter national hydro inflows on record, and continued dwindling
upstream gas supplies, this step reflects our ongoing commitment to support security of
electricity supply to New Zealanders,” said CEO Mike Fuge.
The structure includes a combination of buy and swap arrangements with buy pricing
referenced to the electricity market. The purchase has been partially underwritten by sales to
third party wholesale electricity market participants.
The additional fuel supply, operating in tandem with the Ahuroa Gas Storage Facility (AGS),
will support Contact’s intention to run its Taranaki Combined Cycle gas-fired power station
(TCC) alongside the gas peaking units at Stratford through winter 2025, as required. This
will consume TCC’s remaining operating hours. Contact, as indicated previously, expects to
close TCC immediately after winter 2025.
- ends -
x
Investor enquiries
Shelley Hollingsworth
Investor Relations and Strategy Manager
+64 27 227 2429
shelley.hollingsworth@contactenergy.co.nz
Media enquiries
Louise Wright
Head of Communications and Reputation
+64 21 840 313
media@contactenergy.co.nz
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
- MEL — Meridian Energy Limited: Swaption and contract for difference with Contact2025-05-15
“Release Meridian Energy Limited (ARBN 151 800 396) A company incorporated in New Zealand Level 2, 98 Customhouse Quay, Wellington 6011 meridianenergy.co.nz Stock Exchange Listings NZX (MEL) ASX (MEZ) Swaption and contract for difference with Contact 15 May 2…”
- IFT — Infratil Limited: Clearance granted for Manawa acquisition2025-05-06
“ANNOUNCEMENT 7 May 2025 Commerce Commission clears the Contact Energy acquisition Manawa Energy (Manawa) has been advised that the New Zealand Commerce Commission has granted Contact Energy (Contact) clearance to acquire all of the shares in Manawa under the Scheme of A…”
- MEL — Meridian Energy Limited: Meridian signs Strategic Energy Reserve Agreement2025-08-03
“Release Meridian Energy Limited (ARBN 151 800 396) A company incorporated in New Zealand Level 2, 98 Customhouse Quay, Wellington 6011 meridianenergy.co.nz Stock Exchange Listings NZX (MEL) ASX (MEZ) Meridian signs Strategic Energy Reserve Agreement 4 Augu…”