Podcasts Other The Mike Hosking Breakfast Shane Jones: Resources Minister on the country's low gas production and reliance on coal

Shane Jones: Resources Minister on the country's low gas production and reliance on coal

Published: May 7, 2024, 9:02 p.m.

Gas prices could hike up due to the country's low gas production.\xa0

Figures from the Gas Industry Company show a 12.5% decrease in gas production last year, and almost 30% less has been produced than projected this year.\xa0

Resources Minister Shane Jones told Mike Hosking that he doesn\u2019t want to catastrophize, but it\u2019s very serious. \xa0

He said that after a long period of noninvestment in and stigmatization of the gas sector, we\u2019re now increasingly relying on Indonesian coal to keep the lights on.\xa0

It will be a big challenge, Jones said, to convince foreigners and kiwis who have the money to continue to commit to the gas sector.\xa0

LISTEN ABOVE\xa0

See omnystudio.com/listener for privacy information.