Import LNG or intervene in gas sector, ministers told

NZ's declining gas fields are not performing to expectations. (Image: Getty)

Fri, 15 Mar 2024

Government intervention in the gas sector to maintain supply or spending between $140 million and $600m-plus to develop facilities to import liquefied natural gas are among the options put to ministers in briefing papers to ensure energy security.Under the previous Labour government, officials were working on a gas transition plan on how to shift the sector to a low-carbon future and still maintain energy security.Sector regulator the Gas Industry Co (GIC) commissioned expert reports and provided a report to the Ministry of Business, Innovation...

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