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)

Fri, 23 Aug 2024

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...

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