Gas users warned about winter 2023 energy shortage

(Image: Getty)

Wed, 14 Dec 2022

The gas regulator has warned large gas users to make sure they have contracts in place to deal with a potential energy shortage during next year's winter.The Gas Industry Company (GIC) said in a newsletter to stakeholders its view is that the energy supply in 2023 may remain tight despite current high hydro lake levels.For some time, GIC has been warning about constrained gas supplies.In recent years, major gas users – most notably Methanex – have had to mothball production to free up gas for electricity generators to keep...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Markets Market Close

NZ sharemarket lifts as Skellerup update builds confidence

The S&P/NZX 50 Index closed up 0.53% or 70.66 points to 13,377.10.

Tom Raynel 23 Oct 2025

Law & Regulation

Northland telco fights OneNZ–Uber deal

‘Quite cynical incursion’: Northland telco fights OneNZ–Uber partnership in court.

Garth Bray 23 Oct 2025

Markets

Skellerup eyes US expansion to dodge tariffs

Chair warns rubber manufacturer may need to make significant investment in US.

Rebecca Stevenson 23 Oct 2025

Skellerup eyes US expansion to dodge tariffs

Sponsored

NZ risks losing edge as Australia takes lead in cleaner jet fuel

Experts warn SAF delay could cost jobs and growth.

Z Energy

Sponsored

Focus on safety of SME vehicle fleets

Vehicle glass repairer’s work enhances road safety.

Smith & Smith

More Energy

News in Brief

Kominik resigns from Electricity Authority, will start review

Electricity Authority chair Anna Kominik has announced her resignation but will stay in the job until her successor is found.Energy Minister Simon Watts said Kominik will also start a board-led organisational review of the authority.The announcement follows the Government's r...

Ian Llewellyn 22 Oct 2025