Gas study warns of higher prices and industry closures if no new supply found

Gas study warns of higher prices and industry closures if no new supply found
A new study contains a warning about the impacts of dwindling gas supplies. (Image: NZME)
Ian Llewellyn
Higher gas and electricity prices, industry closures and decreasing energy security are all forecast over the next decade in the latest study on gas supply and demand.The 2024 Supply and Demand Study, commissioned from EY by Gas Industry Co, shows that, if the current trajectory continues, supply will not meet demand in the absence of imported fuel or a significant domestic gas discovery.Put simply, gas supply has fallen and is projected to continue to fall faster than the reduction in demand.As a result, the gas sector co-regulator concluded t...

More Energy

Govt seeks gas for schools and other agencies
Energy

Govt seeks gas for schools and other agencies

Tenders sought in an ever-tightening market.

ComCom delays Manawa Energy decision to May 9
News in Brief

ComCom delays Manawa Energy decision to May 9

The Commerce Commission says its decision on whether Contact Energy can take over Manawa Energy has been delayed until May 9.A decision had been expected today (Monday), but the commission updated its case register this morning to reflect the new decision date.If the deal proceed...

Staff reporters 31 Mar 2025
Genesis coal stocks reassure
Markets

Genesis coal stocks reassure

Lights should stay on, but electricity prices could stay high.

Ian Llewellyn 31 Mar 2025
NZME executive to join Contact
News in Brief

NZME executive to join Contact

Carolyn Luey's new role will be chief retail officer, looking after 600,000 customers.

Staff reporters 28 Mar 2025