Source:Â Energy Resources Aotearoa
New data showing a 2.6% increase in proved plus probable (2P) gas reserves estimates over the past year has been welcomed, but with a note of caution from Energy Resources Aotearoa.
âItâs good news for New Zealand to see a small increase in the amount of reserves expected from the Maui and Turangi fields, given the current energy shortage we are grappling with,â says chief executive John Carnegie.
âHowever, reserves are theoretical until actually produced. Investment into existing assets is underway which is great news in the medium term, but beyond that we are still extremely concerned.
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New figures showing a near doubling of coal-fired electricity generation highlight New Zealand’s energy shortage and the need for natural gas as a lower carbon alternative, according to Energy Resources Aotearoa. 'It doesn’t seem right we are importing .