Podcasts Other The Mike Hosking Breakfast Christopher Luxon: Prime Minister says natural gas could be found if there was incentive to find it

Christopher Luxon: Prime Minister says natural gas could be found if there was incentive to find it

Published: Aug. 26, 2024, 8:17 p.m.

The Prime Minister believes natural gas could be found if investors are encouraged to look for it. \xa0

Cabinet has agreed to cut regulation, reverse a ban on oil and gas exploration, and review the electricity market's performance.\xa0

Opposition to the proposal believes there isn't anything to be found. \xa0

But Christopher Luxon told Mike Hosking that investors have just been avoiding New Zealand because of its anti-exploration attitude. \xa0

He says a change to the settings will mean the companies have more confidence to invest in finding oil and gas.\xa0

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