Transpower fails to sell gas trading platform, closure an option

emsTradepoint will continue operating until at least September next year. (Image: Supplied)

Fri, 11 Oct 2024

New Zealand gas trading platform emsTradepoint faces possible closure after owner Transpower could not find a buyer.emsTradepoint director David Knight said the platform will continue operating until at least September next year, but options for its future, including potential sale or closure, are being considered.Created in 2013, emsTradepoint established a spot market for trading natural gas in NZ. In 2015, emsTradepoint was made into a wholly owned subsidiary of Transpower.Workable termsKnight said an extensive process had been undertak...

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