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

NZ sharemarket flat despite export growth
Markets Market close

NZ sharemarket flat despite export growth

The NZ sharemarket dipped as Fletcher Building shares fell further.

Tom Raynel 25 Jun 2025
FMA to focus on private market offers
Markets

FMA to focus on private market offers

The FMA is worried about unsophisticated investors taking the bait.

Pattrick Smellie 25 Jun 2025
Xero splashes $4.1b for 'step-change' US acquisition
Markets

Xero splashes $4.1b for 'step-change' US acquisition

Buying Melio gives Xero a leg-up in the crucial US SME market.

Pattrick Smellie 25 Jun 2025
Chorus broadband expansion makes priority list
Infrastructure

Chorus broadband expansion makes priority list

Chorus claims $17 billion NZ Inc gain for a $3b spend.

Pattrick Smellie 25 Jun 2025