Why natural gas? - Energy Voices
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Why natural gas?

The Numbers:

400,000

The number of homes and businesses in New Zealand that use natural gas or LPG.

$28 billion

The cost to New Zealand of ending new exploration permits for natural gas and oil beyond onshore Taranaki, as announced by the Government in 2018. Calculated by the New Zealand Institute for Economic Research.

11,000 jobs

The New Zealand oil and natural gas industry generates up to 11,000 highly paid jobs.

11 years

New Zealand has only 11 years of known natural gas reserves remaining.

42%

The government collects around 42% of oil and natural gas profits through royalties and company taxes. This helps pay for social services like schools and hospitals.

20%

Natural gas provides 20% of total energy used in New Zealand and 14% of our electricity supply.

35%

Increasing electricity generation to replace natural gas would require a 35% increase in electricity generation. This would be extremely expensive and unrealistic.

54%

Oil and natural gas together provide 54% of New Zealand’s energy.