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

Gas scramble ends up in court as Methanex and Todd face off
Methanol production needs gas. (Image: Getty)
Ian Llewellyn
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...

More Law & Regulation

Regulator remains ‘in the dark’ about Du Val founders’ finances
Property

Regulator remains ‘in the dark’ about Du Val founders’ finances

FMA and receivers don’t even know how the Clarkes are funding themselves, court hears.

Court to decide Du Val asset seizure orders
Property

Court to decide Du Val asset seizure orders

Charlotte and Kenyon Clarke will get to have their say ten months on.

Maria Slade 16 Jun 2025
EPA tips firm on fast-track list into liquidation
Policy

EPA tips firm on fast-track list into liquidation

Energy Farms changed its name the same day it was liquidated.

Gregor Thompson 13 Jun 2025
The pragmatism behind the WorkSafe reforms
Law & Regulation

Mike Mercer: The pragmatism behind the WorkSafe reforms

The greatest risk right now is not the reform itself, but how it is being received.

Mike Mercer 13 Jun 2025