Shrinking exploration acreage poses risk to gas supply

Shrinking exploration acreage poses risk to gas supply
Gavin Evans
Government officials are looking at ways to keep offshore exploration acreage available so that the country can ensure it has sufficient gas supplies as it transitions to a lower-carbon economy.Acreage has already dropped by more than a quarter since the government’s surprise ban on new offshore exploration in April 2018.Officials warn that the normal process of relinquishing part of a permit – part of the lifecycle of existing permits – will see the 71,000 square-kilometres currently permitted offshore more than halved within two years. It wil...

More Infrastructure

Investment Summit creates 'momentum'
Infrastructure

Investment Summit creates 'momentum'

An Italian tunneling firm says the summit helped convince them to stay in NZ.

Fast-track early birds pass first hurdle
Infrastructure

Fast-track early birds pass first hurdle

EPA clears first three applicants as Jones warns against 'finicky' approach.

Oliver Lewis 13 Mar 2025
Consortium steps forward for Northland Expressway
Infrastructure

Consortium steps forward for Northland Expressway

Nicola Willis talks up summit deal-making and calls NZ an 'undervalued stock'.

Oliver Lewis 13 Mar 2025