New Zealand gas production about to 'fall off a cliff'

New Zealand gas production about to 'fall off a cliff'
An energy company boss is predicting NZ gas prices will rise. (Image: Depositphotos)
Oliver Lewis
The chief executive of the only New Zealand stock exchange-listed oil and gas company is warning domestic gas supply is about to “fall off a cliff”, leading to higher prices. NZ Oil & Gas has interests in the Kupe gas field and the Maari oil field off the coast of Taranaki, as well as Australian and Indonesian assets. Its CEO, Andrew Jefferies, said demand for the company’s products was high, supply was limited and prices were up and exceeding expectations. Jefferies made the comment at NZ Oil & Gas&rsqu...

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