New deal to improve gas market transparency

The gas sector has a small number of very large players. (Image: Greymouth Petroleum)

Thu, 04 Sep 2025

Electricity and gas industry bodies have agreed on an information-sharing regime as New Zealand’s dwindling gas resources pose an increasing threat to the security of electricity and industrial heat supply.The Memorandum of Understanding (MoU) is between the Electricity Authority, the industry regulator and the Gas Industry Company (GIC), an industry-owned body that seeks to “co-regulate” the gas sector.The new arrangement appears intended to increase transparency about conditions in the market for natural gas, which is domina...

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