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John Carnegie: Energy Resources Aotearoa CEO on the Government's proposed LNG import facility
Published 2 months, 3 weeks ago
Description
A promise of certainty and hopes of cheaper power prices with a facility to import liquefied natural gas.
The Government’s confirmed it will build a liquefied natural gas import facility in Taranaki, with a contract expected by mid-year.
It says the project will save the country about $265 million annually – roughly $50 per household.
Energy Resources Aotearoa CEO John Carnegie told Ryan Bridge it’s a necessary dry year insurance policy, as the country faces a massive fuel shortage.
He says there will be a large upfront cost, but officials say the investment will effectively take the heat out of the electricity market and lower peak prices.
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