Budget 2025: Government offers $200m for would-be gas investors

The Government is offering an equity sweetener to drill. (Image: NZME)

Thu, 22 May 2025

The Government is setting aside $200 million to co-invest in new gas fields, to show investors it is prepared to have “skin in the game”.Resources Minister Shane Jones said the contingency fund, over four years, signalled a willingness for the Crown to take a commercial stake of 10% to 15% in new gas field developments for the domestic gas market.Any new exploration projects would likely need overseas investment to go ahead.“Developing a new offshore gas field from exploration to production can carry a billion-dollar price tag...

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