If Māui closes, Methanex's future is murky says Fuge

Contact CEO Mike Fuge says a "state of constant unease" is necessary in the sector. (Image: NZME)

Wed, 17 Sep 2025

The future of New Zealand’s petrochemical sector hinges on the survival of the Māui field, says Contact Energy chief executive Mike Fuge, even as the gentailer secures its own gas needs out to 2032 and prepares for customers to transition away from the fuel.In August, BusinessDesk reported that gas users in the electricity and industrial sectors were facing the potential closure of the 50-year-old field as early as next year.Speaking after Contact’s AGM on Tuesday, Fuge said the rapid decline of gas was one of the sector’s big...

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