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Vector Exits Gas Sector Amid Market Turmoil

Jul 29, 2024

Vector is finalizing its exit from the gas business, as the company faces a challenging market environment. CEO Simon Mackenzie highlighted that the energy sector is experiencing a "perfect storm" with soaring prices and a gas supply shortage. Mackenzie suggested that revitalizing existing fields could help address the supply issues. Despite the complexities, Vector’s strategic decision to leave the gas market has positioned the company favorably amidst these turbulent conditions.

 

 

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