Dwindling gas supply will bite industrial users this year warns regulator

A drilling programme now under way at Mangahewa. (Image: NZME)

Mon, 19 May 2025

The continuing squeeze on gas supplies means industrial users will be offered unsustainable prices this year or receive no supply offers at all, says the gas sector regulator.The Gas Industry Company’s (GIC) latest quarterly report said average spot prices rose sharply in the first three months of 2025 as production continued to decline and demand remained relatively constant.With more demand for gas than supply, the market was supplying those with contracts.Gas prices – wholesale and industrial (Source: GIC)“Consumers w...

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