“Importing natural gas from Australia in the form of [liquefied natural gas] would be crazy when we have our own local resources here. “More than likely it would mean higher energy prices for consumers and higher emissions from shipping [it] here.” Carnegie said it means New Zealand would be funding the Australian economic recovery, instead of generating jobs and royalties for itself. “If we’re going to keep using natural gas until at least 2050 as the Climate Change Commission acknowledges, surely it’s better to produce it locally.” But a spokesman for GIC said the implication they are about to start facilitating the import of natural gas is not correct.
Source:Â PEPANZ
The mothballing of a Methanex plant at Waitara Valley is disappointing for the workers, their families and Taranaki, according to the Petroleum Exploration and Production Association of New Zealand (PEPANZ).
âThis reinforces how important a secure long-term supply of natural gas is to our economy and especially our export industries,â says PEPANZ Chief Executive John Carnegie.
Methanex uses nearly half of New Zealandâs natural gas production to create methanol, which is an essential ingredient used in hundreds of everyday consumer and industrial items. It is also used as a clean burning fuel for shipping.
âMethanol is a perfect example of how natural gas is being used with lower emissions. It would be a disappointing outcome if production increases overseas using coal, which would mean higher global emissions.
alwyn 14.1.2.1.1
I think it is a desperate attempt by Robertson to try and set up the RBNZ as the people who cop the blame for the shambles that this Government has been making of the housing market for the last three and a half years.
I suspect it will backfire on him (Robertson). Orr is far to smart to allow Robertson to get away with such a transparent attempt to pass the parcel.
Orr is quite likely to take it as an invitation to tell Robertson, publicly, what he thinks will be required to fix the housing situation. Nothing he proposes will be something the the RBNZ can do. Everything will be something that requires fiscal action by Robertson himself. It will be on the basis of If you don t do this it will get worse . What he will suggest is very unlikely to be acceptable to the Government but Orr can then continue in the future to propose that if the Government had only followed our advice…… etc .