New Zealand advances LNG tender, decision delayed post-election
New Zealand is continuing procurement for its planned $1-2 billion LNG import terminal – but the government will not decide whether to proceed with the project until after the general election, scheduled for November 7. Contracts need to be signed before year-end to get the terminal into operation by 2028 and help mitigate dry-year risk.
New Zealand seeks LNG regas deal before November election
New Zealand’s government is aiming to sign a contract for developing the country’s first LNG facility before the November general election, with energy minister Simeon Brown saying a preferred bidder is likely to be selected before the vote. Imported LNG is intended to insulate New Zealand against drought risk, which can undermine its mainstay hydropower generation.
New Zealand launches ROI for LNG import tender
The New Zealand Government will launch the registration of interest (ROI) phase for LNG import facility services on October 6, in the face of fuel shortages due to rapidly declining domestic gas reserves. The actual tender will be managed separately.
New Zealand reverses ban on oil and gas activities and will match rules of LNG nations Australia and PNG
New Zealand has reversed a ban on oil and gas exploration introduced by the previous government and will offer incentives for energy and mining company investments similar to those in other pro-fossil fuel energy nations.
