07 Sep 2026
1 month ago
505 views
New Zealand is advancing its energy security by investing up to $23.5 million from the Gas Security Fund in two Todd Energy projects aimed at unlocking nearly 20 petajoules of additional gas reserves over five to nine years. These projects, expected to deliver gas by 2027, will provide around 6% of the country's projected gas production, supporting energy reliability during peak demand and complementing the transition to renewable energy. The fund, designed to accelerate gas supply and ensure electricity generation reliability, has attracted strong interest and involves significant co-investment from Todd Energy to share risks and promote economic growth.
14 May 2026
5 months ago
1050 views
New Zealand's natural gas reserves have declined sharply due to overestimated reserves and the closure of major fields, causing rising energy prices, job losses, and economic setbacks. The Government blames the previous Labour administration's offshore oil and gas exploration ban for the energy crisis and is now reversing this policy while investing in gas security, LNG imports, and carbon capture technologies to stabilize supply and reduce costs. Their goal is to ensure affordable, reliable energy for households and businesses, protect jobs, and support the economy amid declining domestic gas production.
17 Feb 2026
8 months ago
1223 views
Andy Knight has been appointed chair of the expert panel advising the New Zealand Government on applications to the $200 million Gas Security Fund, which aims to enhance domestic gas supply and storage amid declining production. The panel also includes geophysicist Tim Allan and energy sector professional John Pagani, with two more members to be appointed, and will provide independent, expert advice to decision-making ministers Shane Jones and Chris Bishop. The fund, administered by Kānoa – Regional Economic Development & Investment Unit, supports projects with short- to long-term benefits to secure affordable and reliable gas for New Zealand’s economy.
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.