Govt considering importing LNG as dire energy shortfall bites

Energy Minister Simeon Brown blamed the problem and called for bipartisanship. (Image: NZME)

Wed, 07 Aug 2024

Energy Minister Simeon Brown says the government is seriously considering importing liquefied natural gas to fill an energy shortfall.A shortage of supply has sent gas prices soaring. This, combined with low hydro lake levels, has sent wholesale electricity prices to sustained record highs, trading above $800 a megawatt hour this week with numerous spikes higher.Brown said these were the highest electricity prices in the Western world. He blamed Labour’s ban on new oil and gas exploration and other policies for a “dire loss of confi...

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