Slow-motion gas-supply trainwreck triples Pan Pac's gas bill – and uncertainty is ongoing

Pan Pac's Whirinaki plant before the flooding from Cyclone Gabrielle. (Image: NZME)

Mon, 22 Jul 2024

A "slow-motion trainwreck" in the gas sector has tripled a major pulp and timber company’s gas bill, with future supply and price uncertain from week to week.Pan Pac’s managing director, Tony Clifford, said the recent gas supply crunch was near a crisis, but he could only see it worsening.Pan Pac employs more than 800 people in Hawke’s Bay, processing lumber, pulp and fibre, and is also a forestry owner. Its products are mainly exported, and Pan Pac only recently returned to production after Cyclone Gabrielle all but...

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