NZ Petroleum Conference 2016 - Presentations by The Minister of Energy & Resources and Steve Bielby
GAS A 'BRIDGING' FUEL - HON SIMON BRIDGES
Energy and Resources Minister, Hon Simon Bridges announced the launch of the 2016 Block Offer when he spoke at the opening of the NZ Petroleum Conference held 21 – 23 March 2016. During his speech, the Minister announced that more than 525,000 square-kilometres of mainly offshore frontier acreage will be available for tender in the 2016 Block Offer.
Minister Bridges said he hopes gas will play a larger role in New Zealand’s energy mix. He also said gas has a lot of potential to replace coal generation in countries such as China and India, which opens a lot of possibilities for any potential large finds in New Zealand.
The Minister’s speech can be viewed here.
A HEALTHY DOMESTIC GAS MARKET - STEVE BIELBY
Since the 1960's, New Zealand has built a robust and healthy domestic gas market that continues to play an important role in the nation’s primary energy mix and its wider economy. Though small in global terms, maintaining a healthy market provides key assurance and incentives to the upstream sector to continue investing, even where principal targets are oil/liquids and where options include gas export in the case of a large find.
This presentation provides a downstream perspective to the New Zealand Gas Story, updating key recent trends and discussing paths forward, including:
- Key health indicators on the state and performance of the downstream sector
- The strategic role for gas in the New Zealand economy
- Developing trends in relation to electricity generation, gas transmission and gas pricing
- Key issues including consumer and carbon challenges
- Future scenarios and opportunities
See the presentation below, or view the full New Zealand Gas Story here.