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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Property

More Du Val shareholders suing

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Law & Regulation

Twice-bankrupt NZer commits $4.3m investment scam

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Primary Sector

Independents unfazed by high milk cost despite bottom-line hit

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News in Brief

Supplier signed up for $450m Cook Strait cable replacement

Transpower has signed up global cable solutions supplier Prysmian for the $450 million job replacing the high voltage direct current submarine electricity cables linking the North and South Islands.The HVDC link, commonly referred to as the Cook Strait cable, is expected to come...

Ian Llewellyn 13 Dec 2024