Energy

Gas storage: a low-cost alternative to Onslow?

Pattrick Smellie
Wed, 08 Jun 2022

Gas storage: a low-cost alternative to Onslow?
Recent gas shortages are set to turn to a surplus in the coming months. (Image: NZME)
Pattrick Smellie
Wed, 08 Jun 2022
New Zealand could achieve more than half the desired impact of the $4 billion-plus Lake Onslow pumped hydro scheme for as little as $100 million – and take coal out of the country's electricity generation at the same time, says the chair of Taranaki oil and gas company, NZ Energy Corp.James Willis, of the Toronto Stock Exchange-listed minnow, says the company believes it has found a site for underground gas storage in the largely depleted Tariki oil and gas field, with a storage capacity equivalent to around 10 petajoules of energy.Th...

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