US EditionNew Zealand Set to Build LNG Import Facility to Boost Energy Security
The LNG terminal in Taranaki aims to save $265 million annually and provide a reliable fuel backup to reduce electricity costs and protect 2,000 jobs, officials said.
- New Zealand is set to build a $1 billion LNG import facility to boost energy security amidst declining gas supply and increasing reliance on diesel and coal.
- The import terminal will help curb winter bill shocks for New Zealanders, but LNG is not meant to replace renewable energy sources.
- The facility is expected to be located in the Taranaki region and operational by winter next year, with costs covered by a levy of $2-$4/MWh on electricity.
16 Articles
16 Articles
Why the new LNG terminal could raise, not lower, your power bill
Analysis: Energy Minister Simon Watts is confident importing gas will lower power prices, but questions remain about the scheme and its costs The post Why the new LNG terminal could raise, not lower, your power bill appeared first on Newsroom.
New Zealand Eyes First LNG Terminal to Guard Against Power Shortages
The government of New Zealand has shortlisted proposals to have its first LNG import terminal operational by early 2028 as it looks to boost energy security amid falling domestic gas supply, Energy Minister Simon Watts said on Monday. New Zealand’s natural gas buffer has all but vanished in the past decade, as production has slumped and an offshore exploration ban was in place between 2018 and 2025. Last year, New Zealand reopened for oil and …
New Zealand Greenlights $600 Million Gas Import Facility
The New Zealand government will construct the country’s first facility to receive imported liquefied natural gas, officials announced Monday, though Opposition Labour immediately attacked the plan as a new tax on households. Officials plan to finalize a construction agreement by the middle of this year for the Taranaki region terminal, which may start receiving shipments […]
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