Genesis sets out gas strategy as Tariki storage moves toward 2026 close

Kupe will remain in production until the mid-2030s. (Image: NZME)

Thu, 27 Nov 2025

Genesis Energy has outlined to investors a focus on the growth of renewable generation, but with a firm eye on the future of gas.At an investor day on Wednesday, Genesis gave a clearer picture of the role gas storage would play in the company’s plans, the continuing role of the Kupe gas field and the impact of the potential closure of the country’s largest gas user, Methanex.The company said the proposed 10 petajoule (PJ) Tariki storage project would provide the seasonal flexibility the market currently lacks, allowing gas to be inj...

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