Future of NZ's only gas-trading platform extended

Future of NZ's only gas-trading platform extended
Officials warned that closing the gas trader would have negative impacts in a tight market. (Image: Getty)
Ian Llewellyn
Transpower says it expects to announce a decision on the future of New Zealand’s only gas-trading platform in mid-September, but it will not close immediately if a buyer is not found.The state-owned enterprise said in May that it intended to close emsTradepoint on Sept 1 as it was not a core business, not used much, and no one wanted to buy it.It later emerged that Transpower wanted to close the platform almost immediately. However, a backlash from government officials, who were concerned at the implications of closing it, meant the...

More Markets

Ebos buys Vital Petfoods assets from receiver
Markets

Ebos buys Vital Petfoods assets from receiver

Distressed assets have been snapped up by the pet food maker.

Denise McNabb 18 Apr 2025
Tourism Holdings and inflation updates drive NZX up
Markets Market close

Tourism Holdings and inflation updates drive NZX up

Tourism Holdings could be one of the most directly impacted shares of the US tariffs.

Tom Raynel 17 Apr 2025
Heartland Bank accountant fined over insider trading
Markets

Heartland Bank accountant fined over insider trading

A former Heartland Bank accountant has been sentenced to six months’ home detention and ordered to pay a fine after pleading guilty on three charges relating to insider trading.Kevin Young, a former treasury accountant with Heartland Bank, purchased Heartland Group Holdings Limit...

Staff reporters 17 Apr 2025
Potential Mainland buyers may soon tap regulators
Primary Sector

Potential Mainland buyers may soon tap regulators

Fonterra's divestment process is gaining traction.

Riley Kennedy 17 Apr 2025