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flag New Zealand to build $1B LNG terminal by 2028 to improve energy security and cut bills.

flag New Zealand plans to build a $1 billion LNG import terminal in Taranaki, with a contract expected by mid-2026 and operations starting by late 2027 or early 2028, to boost energy security amid declining gas supplies and rising reliance on coal and diesel. flag The facility, funded by a $2–$4/MWh electricity levy, aims to stabilize prices, reduce winter bill spikes, and deliver $50 in annual household savings, though no guarantees were made. flag Energy Minister Simon Watts said LNG will complement, not replace, renewable goals. flag The government rejected a report questioning LNG’s economic viability, opting instead for fast-track development. flag Prime Minister Christopher Luxon also addressed a controversial Trump social media post, urging an apology, while facing scrutiny over a rejected seabed rare earths mining proposal and upcoming diplomatic and legal issues.

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