Articles tagged with Natural Gas
New Petroleum Mining Permit Boosts NZ Gas Supply and Oil Exports
1 week ago | 200 viewsNew Zealand has granted a 10-year petroleum mining permit to Matahio NZ Onshore Limited for the Puka field in Taranaki, expected to increase domestic natural gas supply and generate export revenue from oil production. The permit highlights growing momentum in the petroleum sector, with estimated recoverable reserves supporting energy security amid declining gas supplies. Resources Minister Shane Jones emphasizes the importance of a diverse energy system combining responsible resource development, renewable energy, and emerging technologies to ensure affordable and reliable energy.
Tags: Shane Jones Matahio NZ Onshore Limited New Zealand Petroleum and Minerals Puka field Oru prospect Taranaki petroleum mining permit natural gas oil production energy securityNew Petroleum Mining Permit in Taranaki Boosts NZ Gas and Oil Supply
1 week ago | 223 viewsNew Zealand has granted Matahio NZ Onshore Limited a 10-year petroleum mining permit for the Puka field in Taranaki, expected to add natural gas to the domestic market and generate valuable oil export earnings. The permit highlights growing momentum in the petroleum sector amid declining gas reserves, with gas remaining critical for electricity generation and industrial use alongside renewable energy. Resources Minister Shane Jones emphasizes that responsible resource development, combined with investment in renewables and emerging technologies, is essential for a resilient, affordable, and secure energy system.
Tags: Shane Jones Matahio NZ Onshore Limited New Zealand Petroleum and Minerals Puka field Oru prospect Taranaki petroleum mining permit natural gas oil production energy securityNew Offshore Petroleum Exploration Permit Granted in Taranaki Basin, NZ
3 weeks ago | 278 viewsNew Zealand has granted its first new offshore petroleum exploration permit since reversing the ban, awarding Australian company EnZed Energy a 12-year permit for a 546 sq km area east of the Kupe gas field in the Taranaki Basin. This move signals renewed investor confidence and aims to address declining natural gas reserves, which have dropped 23% to the lowest level in over two decades, emphasizing the importance of exploration for future energy security. The government highlights that natural gas remains crucial for electricity generation and industry, and exploration is essential to assess New Zealand’s remaining resource potential.
Tags: Shane Jones EnZed Energy New Zealand Petroleum and Minerals Kupe gas field Taranaki Basin Kaheru prospect Coalition Government petroleum exploration natural gas energy security$200M Gas Security Fund Opens Jan 12, 2026 to Boost NZ Natural Gas Supply
8 months ago | 1166 viewsThe $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.
Tags: Shane Jones Chris Bishop Gas Security Fund New Zealand natural gas Ministry of Business Innovation and Employment Kānoa Grow Regions gas exploration energy transitionNew Zealand Petroleum Exploration Permits Open in September: Crown Minerals Amendment Bill Impact
1 year ago | 1785 viewsThe 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.
Tags: Shane Jones petroleum exploration permits Crown Minerals Amendment Bill oil and gas exploration energy security natural gas decommissioning investment liability