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Budget 2025: Energy sector voices approval with Government's $200m gas exploration fund

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¾ÅÒ»ÐÇ¿ÕÎÞÏÞtalk ZB,
Publish Date
Thu, 22 May 2025, 7:06pm

Budget 2025: Energy sector voices approval with Government's $200m gas exploration fund

Author
¾ÅÒ»ÐÇ¿ÕÎÞÏÞtalk ZB,
Publish Date
Thu, 22 May 2025, 7:06pm

The Government's bid to bring hope back to New Zealand's gas sector has been met with approval from industry experts.

In the Budget, the Government said it would set aside $200 million over four years for co‑investment in new gas fields.

Former CEO and president of Methanex, Bruce Aitken, says this is a good idea.

"Anything that encourages exploration for natural gas is great - it's a real pity that the Government has to do it, but I think there's an inevitability that you need to take some risk out of exploration."

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