Restart gas exploration to help keep the lights on, industry says

The gas industry is facing rising costs to maintain production from fields that are in decline. (Image: Getty)

Mon, 21 Nov 2022

The government’s 2018 ban on offshore gas exploration is putting New Zealand's electricity security at risk as it transitions to a low-emissions economy, gas industry insiders say.NZ Oil & Gas chief executive Andrew Jefferies recently warned that the domestic gas supply was about to “fall off a cliff”, and said the government’s policy settings were short-sighted. Jefferies said his conclusions were backed by the Ministry of Business, Innovation and Employment's (MBIE) own production figures. In Janu...

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