First Gas

First Gas Limited
Formerly called
 NGC, Vector Gas
Industry Natural gas transmission and distribution
Headquarters New Plymouth
Key people
 Philippa Dunphy (chair)
Number of employees
 130
Website firstgas.co.nz

First Gas Limited is a natural gas transmission and distribution company in New Zealand. First Gas's network has 2,204 km of high pressure pipelines and 4,800 km of gas distribution pipelines.[1]

History

The Natural Gas Corporation (NGC) was established by the New Zealand government to buy, process and wholesale natural gas from the Kapuni gas field, which was discovered in 1959.[2] NGC developed the high pressure gas transmission network over the 1960s and 1970s, supporting the major expansion of the oil and gas industry at that time.[3]

NGC was privatised in 1992.[2] The Australian Gas Light (AGL) sold NGC to Vector Limited in 2004 and 2005. The company was again sold in 2016 to First State Funds, being renamed First Gas during the acquisition.[4]

In 2016, First Gas purchased the Maui natural gas pipeline from Maui Development for $335 million. This is the main gas transmission pipeline in New Zealand. It is 307 km long and carries 78% of New Zealand's onshore and offshore natural gas. Maui Development is a joint venture between Shell (84%), OMV NZ (10%) and Todd Energy (6%).[5]

See also

References

  1. ↑ "About Us". First Gas.
  2. 1 2 "History of Natural Gas in NZ". Gas Association of New Zealand.
  3. ↑ Gregg, Roger; Walrond, Carl (13 July 2012). "The Maui Gas Field". Oil and Gas. Te Ara - Encyclopedia of New Zealand.
  4. ↑ "Completion of Vector Gas Ltd Purchase by First State Funds" (Press release). Firstgas. 20 April 2016.
  5. ↑ Raj, Audrey (15 June 2016). "Shell seals Maui pipeline sale". Asian Oil & Gas.

External links

This article is issued from Wikipedia - version of the 6/15/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.