Watts warned about deindustralisation due to gas supply dwindling

Watts warned about deindustralisation due to gas supply dwindling
Dwindling gas supplies have consequences, warns the regulator, the Gas Industry Company. (Image: NZME)
Ian Llewellyn
New Energy Minister Simon Watts has been warned he could be overseeing the continuing deindustrialisation of New Zealand because of dwindling gas supplies.The Gas Industry Company’s briefing to the incoming minister in January draws a picture of a mixed outlook, but possibly grimmer outcomes.The sector regulator said the total energy value of gas produced was down to around 135 petajoules (PJ) in 2023, and to 106PJ in 2024. For comparison, the entire electricity system produces around 120PJ/year. A decade ago, annual gas production was ar...

More Energy

TTR seabed mining bid not affected by law change
Primary Sector

TTR seabed mining bid not affected by law change

No-go zones will not apply to controversial mining bid.

Ian Llewellyn 18 Sep 2025
If Māui closes, Methanex's future is murky says Fuge
Markets

If Māui closes, Methanex's future is murky says Fuge

A constant state of unease is needed in the energy sector says Contact boss.

Ian Llewellyn 17 Sep 2025
Govt to change offshore renewable regime
Primary Sector

Govt to change offshore renewable regime

No-go zones for seabed mining proposed.

Ian Llewellyn 17 Sep 2025
What will ministers tell electricity bosses?
Policy Analysis

What will ministers tell electricity bosses?

The urge for electricity market reform is strong, but needs to solve the right problems.

Pattrick Smellie 11 Sep 2025