Slow-motion gas-supply trainwreck triples Pan Pac's gas bill – and uncertainty is ongoing

Slow-motion gas-supply trainwreck triples Pan Pac's gas bill – and uncertainty is ongoing
Pan Pac's Whirinaki plant before the flooding from Cyclone Gabrielle. (Image: NZME)
Ian Llewellyn
A "slow-motion trainwreck" in the gas sector has tripled a major pulp and timber company’s gas bill, with future supply and price uncertain from week to week.Pan Pac’s managing director, Tony Clifford, said the recent gas supply crunch was near a crisis, but he could only see it worsening.Pan Pac employs more than 800 people in Hawke’s Bay, processing lumber, pulp and fibre, and is also a forestry owner. Its products are mainly exported, and Pan Pac only recently returned to production after Cyclone Gabrielle all but...

More Editor's Picks

Ebos CEO grilled on 'drastic' share-price fall
Markets

Ebos CEO grilled on 'drastic' share-price fall

Adam Hall's first AGM may well be the toughest he'll ever face.

RBNZ paying for unused floor space at new office
Property

RBNZ paying for unused floor space at new office

The Reserve Bank of NZ's plush new Britomart office will be only partially occupied. 

Andy Macdonald 29 Oct 2025
What Nvidia and Tower Insurance have in common
Markets

What Nvidia and Tower Insurance have in common

One is the global stock market darling, the other is an NZX star.

Earthquakes still top of the league for insurance costs
Editor's Picks Risky Business

Earthquakes still top of the league for insurance costs

Despite growing risks from climate change, other hazards are ever present.

Greg Hurrell 28 Oct 2025