$200m gas fund may not be enough as Māui field closure looms

The closure of the ageing Māui field draws near. (Image: NZME)

Thu, 06 Nov 2025

Officials are warning that the $200 million set aside to encourage gas exploration may be too small as production continues to fall and the closure of the ageing Māui field looms.A Cabinet paper released on Thursday, approving a $200m Gas Security Fund, said: “OMV New Zealand has confirmed that the Māui gas-condensate field will stop production by …” The rest of the sentence is redacted, but the associated papers cite a BusinessDesk article on the potential closure next year.“Māui is the largest supplier of gas to...

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