NEW ZEALAND

Gas storage to provide savings for Contact

NEW Zealand's first underground gas storage facility at Taranaki is finished and, in conjunction with the associated nearby gas peaker plant, will be saving owner Contact Energy tens of millions of dollars a year.

Contact Energy this morning announced that the gas injection and extraction systems at the $NZ175 million ($A132 million) Ahuroa gas storage facility were commissioned earlier this month and the $NZ255...

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