MARKETS

Genesis may sell Kupe stake

AUSTRALIAN Securities Exchange-listed Kiwi power retailer Genesis Energy will review its 46% interest in the offshore Kupe field operated by Australia's Beach Energy (50%) after the latter announced plans for a new well.

Helen Clark

Kupe processing plant

The field is off the Taranaki coast and provides some 15% of New Zealand's natural gas and 50% of its LPG. New Zealand Oil and Gas, which is partnering with Beach, Cue Energy and operator BP at the...

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