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NZ's gas industry is a 'tough sell' for investors

Author
Newstalk ZB,
Publish Date
Thu, 19 Dec 2024, 8:08am
Photo / Getty
Photo / Getty

NZ's gas industry is a 'tough sell' for investors

Author
Newstalk ZB,
Publish Date
Thu, 19 Dec 2024, 8:08am

There’s uncertainty around whether a large gas supplier staying in New Zealand will benefit the sector in the long run. 

One of New Zealand's largest gas suppliers, OMV, will stay in the country. 

Its executive board's decided not to sell 100% of its shares. 

Enerlytica Director John Kidd told Heather du Plessis-Allan the sector needs continual re-investment. 

He says the real question is if they keep investing, given they tried not to be the owner of the assets. 

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