The New Zealand Parliament passing a law facilitating construction of a LNG terminal to provide a flexible fuel supply for shortages in dry years has been accompanied by a pledge to rescind the Labour Party’s 2018 ban on new fossil fuel exploration.
In spite of the new National-led Government’s determination to revitalise the New Zealand gas sector, it will take years for any new supply to come online which has complicated the issue of where the yet to be constructed regasification...