GasNet Limited is 100% owned by Whanganui District Council Holding Limited, a Whanganui District Council "Council Controlled Trading Organisation".
GasNet Limited commenced trading on 1 July 2008 after purchasing the network and metering business from Whanganui Gas Limited. Previously GasNet had been operating as an independent trading division of Whanganui Gas Limited and was responsible for managing the network and metering assets for the company. On 30 June 2017 GasNet Limited and its parent Wanganui Gas Limited were amalgamated to GasNet Limited.
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