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

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)
Greg Hurrell
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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