Genesis Energy Secures Additional Gas Supply Through 2029

MT Newswires Live

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Genesis Energy (ASX:GNE, NZE:GNE) secured 11.4 petajoules of additional third-party gas supply for March 2027 to December 2029, plus up to 8.6 petajoules of Kupe gas for January 2027 to December 2028, subject to documentation and ministerial approval, according to a Wednesday filing with the New Zealand and Australian bourses.

The combined arrangements strengthen the company's gas position through fiscal 2029, ensuring adequate supply to meet forecast retail demand while supporting its transition away from baseload gas generation, the filing added.

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