'Eye-watering' energy prices possible for next five years

'Eye-watering' energy prices possible for next five years
NZ's largest gas user Methanex has cut production to ease gas supply pressure
Ian Llewellyn
This year’s gas shortage is likely to be repeated next winter, pushing up energy prices, placing further pressure on large gas users and electricity supply, according to advice to the sector.Last week, Methanex agreed to cut methanol production and sell its contracted gas to Genesis to ease the energy crunch in a two year deal.This followed a preliminary report by the sector’s regulator – the Gas Industry Company (GIC) - warning investment was needed to maintain the current gas supply and without this, there is a ris...

More Policy

MoT to gauge market interest in toll road concessions
Policy

MoT to gauge market interest in toll road concessions

Investment bank Citi will assist the ministry. Transurban has already signalled interest.

Oliver Lewis 03 Jul 2025
Govt announces first three 'regional deal' contenders
Policy

Govt announces first three 'regional deal' contenders

Ministers want regions to consider 'asset recycling', among other funding tools.

Oliver Lewis 02 Jul 2025
‘Bluewater backbone’: Lyttelton, Auckland ports plan $1b+ of upgrades
Policy

‘Bluewater backbone’: Lyttelton, Auckland ports plan $1b+ of upgrades

Two of the biggest NZ ports are raising prices as they plan major investments.

Oliver Lewis 02 Jul 2025
'There are some firms in NZ I won’t touch'
Policy

'There are some firms in NZ I won’t touch'

Adam Feeley on the reluctance to call out poor performers in NZ infrastructure sector.

Oliver Lewis 30 Jun 2025