Greymouth jawbones Govt and banks on gas find

Greymouth Petroleum has made a significant new gas find in its existing Turangi gas field. (Image: Supplied))

Tue, 10 Dec 2024

Greymouth Petroleum is warning the Government not to make the regulatory regime for gas producers more difficult and urging the country’s banks to back the sector as it seeks to supplement dwindling national supply.The country’s “abundant petroleum resources … must be fully harnessed” while new, low-carbon energy sources are developed to replace fossil fuels, said Greymouth, which supplies about 20% of the country’s gas needs.“The New Zealand Government and leading institutions, including the big four...

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