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flag New Zealand reopened nationwide oil and gas exploration, launching a competitive bidding process to boost energy security and investment.

flag New Zealand has reopened nationwide oil and gas exploration permits, allowing applications beyond the Taranaki region for the first time since 2018. flag A new open market pathway and three-month competitive bidding process aim to attract private investment, restore energy security, and support high-value jobs. flag The government plans to co-invest up to $200 million from Budget 2025 to reduce risk and spur development. flag A new Tier 3 permit category simplifies gold mining access for hobbyists with reduced reporting and streamlined applications. flag Officials stress that stable, long-term policy is key to rebuilding investor confidence and addressing rising energy costs.

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