RESEND: NZ heading for gas supply gap - OMV

Tue, 16 Oct 2018

(Fixes typo in 26th paragraph to show Goodeve said 'unintended') By Gavin Evans Oct. 17 (BusinessDesk) - New Zealand is heading into a gas supply gap and will need a new discovery to arrest the production decline it is on now, MPs heard yesterday. The country has just seven years’ firm supply, and production is forecast to start falling away from 2021, according to Patrick Teagle, a New Zealand-based executive for Austrian oil and gas company OMV. Teagle was talking to Parliament’s environment select committee. The company, soon to...

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