Insight
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7 Pages

Gas upgrade buys New Zealand more time


Gas upgrade buys New Zealand more time

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 includes 2 file(s)

  • Gas upgrade buys New Zealand more time PDF - 445.68 KB 7 Pages, 1 Tables, 6 Figures
  • NZ Insight.xls XLS - 149.50 KB

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.

  • Executive Summary
  • Gas in New Zealand
  • Gas reserves increased
  • Implications for New Zealand’s energy outlook
    • Additional domestic supply
    • LNG
  • Long term implications and actions

In this report there are 7 tables or charts, including:

  • Executive Summary
  • Gas in New Zealand
    • New Zealand gas production (1990-2025)
    • Taranaki Basin - New Zealand
  • Gas reserves increased
    • Reserves change by field
  • Implications for New Zealand’s energy outlook
    • Electricity output by source
    • Gas demand by sector
    • Additional supply provided by reserves increase
    • Discovered gas resource through time
  • Long term implications and actions
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