The gas industry, downstream of the exploration and production sector, is operated under a co-regulatory model. Gas Industry Co, as the industry body, creates the link between government and industry.
Gas Industry Co is a limited liability company registered under the Companies Act 1993. We are owned by industry participant shareholders and funded by the industry.
Our structure and constitution
The Company was approved as the industry body under Part 4A of the Gas Act 1992 on 22 December 2004 by the Gas (Approval of Industry Body) Order 2004.
The Gas Act 1992 requires that the Board of the industry body has a majority of independent directors and that its constitution contains objectives consistent with those in s43ZN of the Act. It is also a requirement for the Company to be broadly inclusive of industry participants.
Our funding
We have two main sources of funding: the industry levy and market fees. Learn more about how we are funded.
Our objective
Our principal objective in recommending gas governance arrangements, is to ensure that gas is delivered to existing and new customers in a safe, efficient, fair, reliable and environmentally sustainable manner.
Our strategy
Our strategy includes our core theme that recognises that:
- Gas Industry Co’s roles are broader than only providing governance,
- Gas has a role in New Zealand’s energy future,
- Gas Industry Co has a role in supporting the energy transition,
- Gas includes gases of increasing importance in our energy ecosystem (hydrogen/biogas), and
- Gas Industry Co’s regulatory roles are designed to either provide greater security of supply or oversight of competition and markets.
