Articles tagged with Methanex
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NZ Removes Royalties on Cushion Gas to Boost Underground Gas Storage and Energy Security
08 Sep 2026 | 7 hours ago | 59 viewsThe New Zealand Government will end the requirement for developers to pay royalties on "cushion gas," which is operational gas needed to maintain pressure in underground gas storage but unlikely to be extracted or sold. This change aims to remove regulatory barriers, encouraging investment in underground gas storage to improve the flexibility, resilience, and long-term energy security of the country’s energy system. An independent expert will determine the portion of gas qualifying as cushion gas, while future regulatory reviews will assess the effectiveness of this measure in supporting energy security.
Tags: Shane Jones Methanex New Zealand Resources Minister underground gas storage energy security petroleum regulatory framework cushion gas electricity generation gas royaltiesTaranaki Alliance Boosted by $3M Grant to Secure $100M+ Contracts
07 Sep 2026 | 1 day ago | 67 viewsThe Taranaki Alliance, supported by a $3 million Regional Infrastructure Fund grant, aims to help local firms secure over $100 million in contracts within three years, aiding economic diversification away from the declining oil and gas sector. The initiative, led by Te Puna Umanga Venture Taranaki and local partners, will coordinate collaboration among engineering, manufacturing, and technical firms to pursue large-scale national and international projects. With strong regional support and over 85 firms interested, the Alliance seeks to build a commercially sustainable model that enhances bid coordination, compliance, and regional economic representation.
Tags: Shane Jones Taranaki Alliance Te Puna Umanga Venture Taranaki Methanex New Plymouth District Council Venture Taranaki Regional Development Minister Coalition Government Regional Infrastructure Fund oil and gas sector