Gas users warned about winter 2023 energy shortage

Gas users warned about winter 2023 energy shortage
(Image: Getty)
Ian Llewellyn
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...

More Energy

NZGIF chair resigns as ministers look for change
Politics

NZGIF chair resigns as ministers look for change

Tarrant said she was 'respecting the ministers' desire for new leadership.

Ian Llewellyn 12 Dec 2024
Coal use for electricity generation increases 150%
Energy

Coal use for electricity generation increases 150%

Coal and reducing operations at NZ's largest energy users got us through winter.

Ian Llewellyn 12 Dec 2024
Neal Barclay to exit Meridian as CEO
Markets

Neal Barclay to exit Meridian as CEO

Current CFO Mike Roan will take Barclay's spot atop Meridian.

Staff reporters 12 Dec 2024
Todd Corp: what went wrong?
Finance

Todd Corp: what went wrong?

A dividend freeze as the family empire rebuilds for the future.

Pattrick Smellie 12 Dec 2024