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New Zealand Energy ( (TSE:NZ) ) has shared an announcement.
New Zealand Energy Corp. has announced a significant advancement in its Tariki Gas Storage Project through a non-binding memorandum of understanding with Genesis Energy Limited. This collaboration aims to progress the project towards a final gas storage services agreement, which is expected to become a foundational asset in New Zealand’s energy market. The company is advancing technical studies and operational readiness, with plans to recommence operations at Tariki-5A in Q1 2026. The project is poised to provide substantial value to New Zealand’s energy system, reflecting meaningful progress in the company’s strategic initiatives.
More about New Zealand Energy
New Zealand Energy Corp. (NZEC) is a publicly listed energy company focused on the development of oil, gas, and gas-storage opportunities in New Zealand. The company holds interests in multiple heritage assets and development-stage projects, including the Tariki Gas Storage Project in Taranaki. With a 50% ownership stake in the Waihapa production station, NZEC can quickly tie in any near-term production and sell directly to the market.
Average Trading Volume: 20,209
Technical Sentiment Signal: Sell
Current Market Cap: C$7.1M
For detailed information about NZ stock, go to TipRanks’ Stock Analysis page.