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Energy

Gas supply shortage warning issued by regulator

Ian Llewellyn
Tue, 12 Oct 2021

A new report warns supply of natural gas will likely be tight next winter. (Image: Deposit Photos)
Ian Llewellyn
Tue, 12 Oct 2021
A lack of gas could cause energy shortages again next winter while ensuring investment in existing reserves is essential to ongoing energy security, the gas sector regulator has warned.The Gas Industry Company (GIC) has advised energy minister Megan Woods that pressure on gas supply could ease around 2024.However, it will require negotiations with major suppliers and users (most notably Methanex) to ensure there is the investment required to keep the gas flowing to meet New Zealand’s energy needs.The report on gas market settings lays out...

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