Shane Jones explores guarantees for gas sector

Shane Jones sees gas as a vital fuel for energy security as NZ decarbonises. (Image: Getty)

Thu, 01 Feb 2024

Resources minister Shane Jones is exploring whether government guarantees to the oil and gas sector would be one way to achieve his goal of reviving the country’s oil and gas sector. “I must stress, no formal advice has been received or gone to cabinet,” Jones told BusinessDesk following the announcement that Austrian oil and gas explorer OMV has sold its Malaysian assets but has yet to find a buyer for its interests in New Zealand after marketing them for a year.Jones said he had instructed officials “to explore wh...

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