Gas scramble ends up in court as Methanex and Todd face off

Methanol production needs gas. (Image: Getty)

Wed, 17 Jul 2024

The scramble for gas has ended up in court after Nova Energy cut its gas supply to Methanex on very short notice, citing a tight market. Both parties are now awaiting arbitration.Methanex is the largest gas user in New Zealand and manufactures methanol using gas as feedstock. Nova is part of the Todd Corporation and the second-largest gas producer.Court documents said that “no doubt in response to forecast gas supply shortfalls", Nova assessed its contractual obligations, customer base, the wider market and the impact of various gas...

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