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

Another déjà vu moment for electricity markets
Markets Analysis

Another déjà vu moment for electricity markets

Govt prefers incremental change to radical reform.

Ian Llewellyn 02 Oct 2025
The billion-dollar insurance companies operating in NZ
Infrastructure Risky Business

The billion-dollar insurance companies operating in NZ

NZ’s top 10 insurers saw revenue increase 43% since 2020.

Michael Neilson 01 Oct 2025
Power companies spend millions on television advertising
Markets

Power companies spend millions on television advertising

Four main generators spent a combined total of $33.5m from January to July on advertising.