Partnering with NZEC to Fuel New Zealand's Energy Security
At Matahio, we firmly believe that great collaborations don't just drive growth; they also positively impact the communities we operate it.
Our latest collaboration is a strategic partnership with NZEC Tariki Limited that will see our subsidiary, Cheal Petroleum Limited, leverage its existing infrastructure to process and deliver NZEC's Tariki gas to the national grid.
The partnership will not just see Matahio and NZEC realise greater efficiencies, it will also directly address New Zealand's pressing gas shortage.
By utilising Cheal's capacity, we're fast-tracking the availability of much-needed gas to the market. This win-win partnership allows NZEC to swiftly monetise their gas discovery without major capital investment, while Matahio generates additional revenue.
This strategic alliance is a testament to Matahio's commitment to responsible resource management and positively impacting communities, while delivering value to stakeholders and supporting New Zealand's energy needs.