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flag EnZed Energy applies to explore offshore New Zealand for oil/gas, citing energy security, but approval is uncertain.

flag EnZed Energy, an Australian company, is the first to apply for an offshore oil and gas exploration permit in New Zealand since the 2018 ban was lifted. flag The sole applicant for a block off Taranaki, it plans to reuse existing seismic data without new surveys, avoiding restrictions in a marine mammal sanctuary. flag The Ministry for Business Innovation and Employment will assess its technical, financial, and environmental credentials over six months, with no guarantee of approval. flag The government cites energy security, but experts doubt major discoveries due to high costs and tough geology. flag A $200 million gas security fund may spur future interest.

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