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Methanexit: writing on the wall for NZ’s biggest gas user

Today 11:30am

Methanex
Image: Methanex

By Liz Kivi

New Zealand’s biggest fossil gas user, Methanex, is expected to stop production by the end of this year, with the company confirming its Motunui methanol operation won’t survive Māui gas field’s closure.

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Story copyright © Carbon News 2026

Related Topics:   Carbon Credits Emissions trading Energy Fossil fuels Gas LNG NZ ETS

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Ōmokoroa trial to test smarter power use

Today 11:30am

Powerco and Energy Efficiency and Conservation Authority are launching a trial in Ōmokoroa, Bay of Plenty, to test how shifting electricity use away from peak times could ease pressure on the network and reduce costs.

Brown's LNG rethink proves short-lived

Tue 5 May 2026

Energy Minister Simeon Brown's suggestion that the Iran conflict had "changed everything" about New Zealand's approach to LNG imports appears to have been a brief departure rather than a shift in direction.

Māui field, Taranaki basin

Māui closure notice narrows the buffer

Mon 4 May 2026

OMV New Zealand's notification that the Māui gas field will cease production by the end of 2026 has brought forward risks the industry had expected to emerge more gradually.

Paddocks to power: The rise of small-scale solar farms

Fri 1 May 2026

By David Hill, Local Democracy Reporter | A new, small-scale solar farm has been lit in North Canterbury.

Govt missing tricks to save fuel in crisis

Thu 30 Apr 2026

By Shannon Morris-Williams | The Government is being urged to shift its response to the fuel crisis away from short-term relief and towards measures that reduce demand, with public health experts warning it is missing an opportunity to boost energy security and lower household costs.

Energy uncertainty holding back investment – report

Thu 30 Apr 2026

By Shannon Morris-Williams | Uncertainty around energy costs and supply is delaying investment decisions for New Zealand businesses, with new research showing firms would ramp up spending on growth, workforce capability and electrification if conditions were more stable.

Announcements expected soon on $200M gas fund

24 Apr 2026

By Pattrick Smellie | Fossil fuel companies appear likely to take up a $200 million government fund to encourage additional oil and gas exploration, dashing lobbyist Business New Zealand’s hopes that it might be repurposed to underwrite industrial electrification.

Going concern status flags depth of Methanex NZ's gas crisis

21 Apr 2026

Methanex's New Zealand operation is relying on financial support from its Canadian parent to remain a going concern after a second consecutive year of asset impairments left the business with negative equity.

Diesel crunch exposes fuel vulnerability

20 Apr 2026

By Shannon Morris-Williams | Rising diesel prices and tightening supply are exposing New Zealand’s heavy reliance on fossil fuels, with experts warning the squeeze on farming and forestry is likely to ripple through the economy while strengthening the case for lower-emissions energy alternatives.

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