LNG imports too expensive, but bespoke option still on table

LNG imports too expensive, but bespoke option still on table
Making LNG imports work for NZ could be difficult. (Image: NZME)
Ian Llewellyn
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...

More Markets

Property companies help boost NZ sharemarket
Markets Market Close

Property companies help boost NZ sharemarket

Ryman Healthcare, Argosy Property and Goodman all saw share-price rises.

Genesis takes another step in increasing NZ's battery capacity
Markets

Genesis takes another step in increasing NZ's battery capacity

Grid-scale batteries add to the mix, but questions remain over economic viability.

NZ sharemarket rises strongly on power company gains
Markets Market Close

NZ sharemarket rises strongly on power company gains

Positive day for Mercury and Meridian as well as a2 Milk despite gloom on global front. 

Tom Raynel 04 Jun 2025