Critical Methanex/Nova gas contract dispute settled confidentially

Methanex had argued it was damaged by Nova's unwarranted actions. (Image: NZME)

Mon, 07 Jul 2025

A contract dispute that exposed the scramble for gas supplies in 2024 has been settled on confidential terms.In April last year, Nova abruptly ended a gas supply contract with Methanex, citing a shortage of gas, the pressing needs of other customers, and its contract’s provision allowing it to terminate the supply and compensate at a fixed price.Methanex disputed this, and, while the case was awaiting arbitration, the country’s largest gas user sought interim relief from the High Court.What we do in the shadowsThe judgment in that c...

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