First Gas, based in New Plymouth, is a group of companies owned by overseas superannuation funds, under management by Colonial First State, that acquired the Vector Gas business and the Maui gas pipeline. The First Gas group now owns gas network assets in the order of $1.3 billion. On April 20, First Gas acquired the Vector Gas business, excluding the Auckland gas distribution network. On June 15, the Maui gas pipeline assets were also acquired. By the end of August, First Gas had a new standalone ICT corporate environment.