LNG imports too expensive, but bespoke option still on table

Making LNG imports work for NZ could be difficult. (Image: NZME)

Thu, 27 Feb 2025

Current options for importing liquefied natural gas are too expensive and risky, but Meridian chief executive Neal Barclay says a more “unique” bespoke New Zealand option may still be on the cards in the future.Meridian reported its worst-ever half-year financial result on Wednesday, mainly because it had to bear the cost of having to scramble for gas fuel cover when its hydro lakes lacked water.At the height of the energy crunch last winter, Meridian’s senior management was among the more enthusiastic supporters of importing...

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