18 Dec 2025
10 months ago
1487 views
The $200 million Gas Security Fund, opening on 12 January 2026, aims to increase natural gas availability in New Zealand by supporting projects that accelerate supply or enable storage for critical demand periods. Declining gas production is raising costs and hindering economic growth, making natural gas essential during the transition to renewable energy sources. A new gas advisory panel will provide expert guidance to ministers, ensuring informed decisions amid the complexities of gas exploration and market conditions.
06 Nov 2025
11 months ago
1260 views
The Coalition Government has expanded the Gas Security Fund to attract investments that will increase New Zealand's gas supply in the short-, medium-, and long-term to address energy security challenges. The fund will support various projects, including drilling in existing fields, exploration, and storage initiatives, aiming to stabilize supply and manage seasonal demand. The initiative aims to mitigate perceptions of risk in the petroleum sector and promote regional procurement, with investment decisions made jointly by the Ministers for Resources and Finance.
31 Jul 2025
1 year ago
2067 views
The Crown Minerals Amendment Bill, following its third reading, will allow operators to apply for new petroleum exploration permits starting in September. The Bill removes the ban on oil and gas exploration beyond onshore Taranaki, introduces a new tier of permit for small-scale non-commercial gold mining, and aims to boost investment in Crown-owned minerals. Changes in liability for decommissioning costs and the need for clarity in regulatory burden and risk are also addressed in the Bill to enhance investor confidence and energy security.