Energy crunch: gas companies Todd and OMV speak

OMV says it has been pouring in money to keep its offshore gas fields delivering. (Image: NZME)

Thu, 29 Aug 2024

The major gas companies say they are operating in a difficult environment, amid calls for greater scrutiny of the sector as dwindling supply puts pressure on gas users and wholesale electricity prices.The two major oil and gas companies in NZ are notoriously shy of the media, but Todd and OMV have shared their views on some issues with BusinessDesk.On Wednesday, the electricity sector regulators announced their review of the electricity market’s operation. The focus is mainly on how the major gentailers contract with retailers and major u...

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