Articles tagged with Gas Security Fund
New Zealand Faces Sharp Gas Reserve Decline: Government Acts to Secure Energy Future
1 month ago | 366 viewsNew 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.
Tags: Simeon Brown New Zealand MBIE Pohokura field Maui field Labour Government Gas Security Fund LNG import facility Carbon Capture Utilisation and Storage New Zealand Aluminium SmelterAndy Knight Named Chair of Expert Panel for $200M Gas Security Fund
4 months ago | 560 viewsAndy 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.
Tags: Andy Knight Shane Jones Tim Allan John Pagani Chris Bishop Gas Security Fund New Zealand Oil & Gas Energy Efficiency Conservation Authority Taranaki Iwi Holdings OMV$200M Gas Security Fund Opens Jan 12, 2026 to Boost NZ Natural Gas Supply
6 months ago | 836 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 transition