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Methanex: a gauge of NZ’s gas decline

Today 11:30am

Methanex
Image: Methanex

Methanex’s latest earnings call offered a blunt reminder that the company’s shrinking New Zealand business is now less a stand-alone corporate story than a barometer of the country’s broader gas decline.

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Story copyright © Carbon News 2026

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Todd gets nod to drill first super-critical geothermal well

Today 11:30am

By Pattrick Smellie | Todd Energy is to make its sole oil drilling rig available to drill the first exploration well under the government’s $60 million super-critical geothermal resource exploration programme under a ‘preferred supplier’ agreement announced yesterday.

(From top left onscreen) Linda Wright, NZ Hydrogen Council CEO, Ian Kennedy, NZ Committee for the Japan-NZ Business Council, Makoto Osawa, Ambassador to NZ, with other NZ Govt and Japanese company reps at the inaugural meeting last week

Japan eyes New Zealand as green hydrogen export hub

Today 11:30am

By Shannon Morris-Williams | A new partnership between major Japanese companies aims to explore exporting green hydrogen from New Zealannd – but the economics of producing the energy-hungry fuel remain the biggest hurdle.

Upton on LNG: don’t make electricity consumers subsidise industrial gas

Wed 11 Mar 2026

By Pattrick Smellie | Industrial gas users will be subsidised by electricity consumers unless they are also charged for access to the proposed liquefied natural gas (LNG) import facility, the Parliamentary Commissioner for the Environment, Simon Upton, says.

If the government is set on an LNG terminal, gas users, not electricity users, should pay

Wed 11 Mar 2026

By Christina Hood | COMMENT: It's increasingly clear that the government's narrative of LNG as ‘dry year electricity insurance’ really doesn't stack up.

Hormuz crisis critical to New Zealand

Tue 10 Mar 2026

By Nathan Surendran | COMMENT: Why the Hormuz crisis is a symptom, not the disease – and what it means for New Zealand.

Renewables streak ends as thermal nudges back in

Tue 10 Mar 2026

A 20-week stretch in which renewable generation stayed at or above 96% of New Zealand’s electricity mix came to an end in the week to March 1, as thermal generation edged higher and wholesale prices lifted from the unusually low levels seen through much of the summer.

Funding first: Genesis reinforces the balance sheet

5 Mar 2026

Genesis Energy’s $400 million equity raise landed alongside a record first half, but the capital decision rather than the earnings headline is the more revealing signal about how the company intends to navigate the next phase of the build cycle.

Gisborne leads NZ in solar battery uptake as resilience drives demand

4 Mar 2026

By Shannon Morris-Williams | Battery storage is rapidly moving from add-on to mainstream in New Zealand’s residential solar market, with 2025 data showing stark regional differences in uptake, according to new analysis.

Climate Change and Energy Minister Simon Watts with International Energy Agency head Fatih Birol last week

Govt plan to encourage new energy investment won’t cut costs for ordinary Kiwis

26 Feb 2026

By Liz Kivi | While gentailers and major energy users have welcomed the Government’s plan to leverage public sector demand to drive new energy projects, an expert says it is unlikely to reduce prices for ordinary people.

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