New Zealand faces a gas shortage due to declining exploration and field issues, not the 2018 exploration ban.

New Zealand's 2024 gas shortage, leading to higher prices and strained supplies, was not caused by the 2018 offshore oil and gas exploration ban. The shortage stemmed from declining offshore exploration prior to the ban and issues at the Pohokura gas field. While the ban signaled urgency to reduce emissions, it may have discouraged future investment, showing political uncertainty in the fossil fuel sector.

December 01, 2024
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