Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag New Zealand considers lifting oil and gas exploration ban due to natural gas reserve decline.

flag New Zealand faces an energy crisis due to rapidly declining natural gas reserves, prompting the government to consider lifting a ban on new oil and gas exploration for energy security. flag However, this plan assumes that companies will invest in new gas fields, despite political and market risks. flag The country's dependence on natural gas, coupled with limited import options, could lead to increased prices, reduced methanol exports, and potential job losses. flag The transition to alternative energy sources like green hydrogen and green methanol would require significant investment and time.

9 Articles