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

Craigs beefs up in Hawkes Bay, eyes further expansion
Finance

Craigs beefs up in Hawkes Bay, eyes further expansion

Craigs looks to further expansion as it confirms the Somerset Smith Partners deal.

NZ dollar on watch ahead of 3Q GDP, Fed signals
Markets

NZ dollar on watch ahead of 3Q GDP, Fed signals

Economists expect NZ GDP to shrink 0.3% in the June quarter after March growth.

Seeking a faster, sharper ComCom
Economy

Seeking a faster, sharper ComCom

A ‘gold standard’ approach and siloed structure slow the ComCom down.

NZ sharemarket drifts flat as Fed decision looms
Markets Market Close

NZ sharemarket drifts flat as Fed decision looms

The S&P/NZX 50 Index closed down 0.05% or 6.5 points.

Tom Raynel 17 Sep 2025