New Zealand faces a potential natural gas shortage, risking blackouts and economic harm.

New Zealand faces a natural gas shortage threatening blackouts and harming export competitiveness, according to a Gas Industry Company study. The government plans to lift the 2018 oil and gas exploration ban to boost supply, but experts say this may not be enough. High energy costs are causing production shutdowns, and the BusinessNZ Energy Council warns of a potential shortfall by 2030, urging for urgent discussions on energy security and alternative fuels. Domestic natural gas is seen as a cheaper, more environmentally friendly option compared to imports.

November 28, 2024
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