Māui Mining Companies complete Māui pipeline sale to First State Funds

15/06/2016

Regulatory approvals have been obtained finalising the sale of the Māui natural gas pipeline which transports around 78% of all natural gas produced in New Zealand, from the Māui Mining Companies (MMCs*) to infrastructure funds (including fund co-investors) managed by First State Investments (“First State Funds” FSF). The sale price was NZ$335 million.

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Shell has been safely operating in New Zealand for over 100 years. In August 2017 Shell Taranaki Limited took over operatorship of the Māui, Pohokura natural gas assets and Tank farms. It’s share of Kapuni was sold to Todd Energy who now operate the Kapuni field.