Gas supply for electricity in danger of running out by 2026

Gas supply for electricity in danger of running out by 2026
If gas field investment dries up, so will gas supply, threatening the electricity sector.
Ian Llewellyn
In the worst-case scenario, New Zealand will not have gas available to ensure electricity security of supply by 2026, the sector regulator has warned.The Gas Industry Company said if there was more investment in existing fields to eke out reserves, then the system should be able to get through to 2035.Energy and resources minister Megan Woods asked the Gas Industry Co (GIC) to look at the gas supply in the context of the government’s net carbon by 2050 and 100% renewable electricity generation by 2030 targets.This came as reduced gas avai...

More Infrastructure

CCHL directors resign en masse
Infrastructure

CCHL directors resign en masse

Four directors are leaving with immediate effect, citing dividend frontloading.

Oliver Lewis 15 May 2024
Big rewards for solar pioneers
Infrastructure Analysis

Big rewards for solar pioneers

Solar farm expert estimates the property is returning capital at more than 20% per annum.

Jevon Carding 15 May 2024
Inflation outpaces Auckland housing
Economy

Inflation outpaces Auckland housing

Prices trail inflation, especially in Auckland, while listings soar in Wellington.

Dileepa Fonseka 14 May 2024