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Shane Jones: Resources Minister on the reports warning the $200m gas fund may not be enough for the sector

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Manage episode 517935347 series 2098282
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Officials warn the $200 million set aside to encourage gas exploration may be too small - with production falling and closure of the ageing Māui field looming.

The Government's widening the scope and terms of the commercial co-investment fund.

BusinessDesk reports a Cabinet paper released today states the field will stop production, with the rest of the sentence redacted.

Resources Minister Shane Jones says he isn't privy to when the closure will happen.

"We're suffering a decline in the known reserves from those historically large sites and they're working through the process - it's up to them to identify when it will actually cease."

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See omnystudio.com/listener for privacy information.

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11207 episodes

Artwork
iconShare
 
Manage episode 517935347 series 2098282
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Officials warn the $200 million set aside to encourage gas exploration may be too small - with production falling and closure of the ageing Māui field looming.

The Government's widening the scope and terms of the commercial co-investment fund.

BusinessDesk reports a Cabinet paper released today states the field will stop production, with the rest of the sentence redacted.

Resources Minister Shane Jones says he isn't privy to when the closure will happen.

"We're suffering a decline in the known reserves from those historically large sites and they're working through the process - it's up to them to identify when it will actually cease."

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

11207 episodes

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