What happens when the gas is all gone?

The future of energy companies in New Zealand is dominated by one question: what happens if no oil or gas is found to replace the Maui field, due to drop dramatically next year?

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The next year could be critical. If no discoveries are made over this period, major gas users Genesis and Contact might be too far down the path planning for imports.

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“Domestic gas will always be cheaper. Once we are on an LNG bandwagon we are locking in very expensive energy, which has significant problems for the New Zealand economy.”

The New Zealand Herald