Govt estimates 10 years of gas still available on current demand

More gas has been found in the ageing Maui gas field (Image: Getty)

Thu, 01 Jul 2021

The latest government estimate of gas reserves predicts there is enough available for 10 years' use on current demand.The Ministry of Business, Innovation and Employment annually reviews the “proved plus probable (2P)" gas estimate. For some years this had remained steady at about 10 years as some gas is used and more reserves are eked out by oil and gas field operators.The data, compiled from assessments of permit holders’ annual summary reports, shows a 2.6% increase of 2P gas reserves estimates over the past year.Gas res...

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