New Zealand faces gas reserve depletion, risking widespread blackouts; government considers importing liquid gas and accelerating energy projects.

New Zealand faces an energy crisis as gas reserves deplete faster than expected, with the country at risk of widespread blackouts. The government is considering importing liquid gas and accelerating energy project construction to address the issue. The National party blames the previous government's oil and gas exploration ban for the shortage, while the Labour Party argues it's not caused by the ban. The Electricity Authority (EA) has released a weekly Energy Margin Dashboard, providing insight into energy margins generators make selling into the wholesale electricity market, aiming to improve transparency and security of supply.

August 18, 2024
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