Maui Pipeline sold to First State Funds for $335 millionCameron Burnell The Maui Gas Pipeline on the North Taranaki coast. First State Funds, the owners of First Gas Limited, bought the gas pipeline from the Maui Mining Companies - Shell, Todd and OMV. Shell New Zealand chairman Rob Jager said the Maui natural gas pipeline had been operating successfully for nearly four decades. The Maui Pipeline has been bought by First Gas Limited for $335 million. The Maui Pipeline is New Zealand's largest high pressure transmission pipeline and runs from the Oaonui Production Station south of New Plymouth to the Huntly Power Station south of Auckland.

Source: Stuff June 15, 2016 05:26 UTC