Insight

Gas upgrade buys New Zealand more time

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Report summary

A 37% upgrade in New Zealand’s gas reserves has pushed an anticipated shortfall from 2018 to 2022, buying the country valuable time to make decisions about its future energy strategy. However, a gas supply deficit still looms for New Zealand unless additional supplies can be realised. Recent exploration has been disappointing and LNG imports have been discussed as being an alternative to domestic production, but the increase in the cost of gas could damage the industrial sector.

What's included

This report contains

  • Document

    Gas upgrade buys New Zealand more time

    PDF 445.68 KB

Table of contents

Tables and charts

This report includes 7 images and tables including:

Tables

  • Reserves change by field

Images

  • New Zealand gas production (1990-2025)
  • Taranaki Basin - New Zealand
  • Electricity output by source
  • Gas demand by sector
  • Additional supply provided by reserves increase
  • Discovered gas resource through time

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