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

The fund riding a surge of golden visa cash
Markets

The fund riding a surge of golden visa cash

Punakaiki has raised more in a few months from visa applicants than all of 2025.

SkyCity expects to get NZICC keys in 90 days
Markets

SkyCity expects to get NZICC keys in 90 days

The New Zealand International Convention Centre might even host some events this year.

Dileepa Fonseka 24 Jul 2025
Wikeley family claims latest victory in legal spat
Law & Regulation

Wikeley family claims latest victory in legal spat

Now, a US court has ruled in favour of Wikeley Family Trustee Ltd.

Victoria Young 23 Jul 2025
AI agents are coming: Keep your credit card close
Editor's Picks

AI agents are coming: Keep your credit card close

Agentic AI will order you a cake and make you pay for it, too, unless you're careful.

Dileepa Fonseka 22 Jul 2025