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New Zealand's LNG Terminal Plan Sparks Subsidy Controversy

2/9/2026

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Summary

Story summary

The New Zealand Government plans to build a liquefied natural gas import terminal in Taranaki to operate by 2027 or early 2028.
Energy Minister Simon Watts says the terminal would mitigate risks from declining gas supplies during dry years and could lower electricity prices by at least $10 per megawatt.
Over 20 organizations urged against taxpayer subsidies, arguing it could keep power prices high and hinder climate goals.

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Story summary

The New Zealand Government plans to build a liquefied natural gas import terminal in Taranaki to operate by 2027 or early 2028.
Energy Minister Simon Watts says the terminal would mitigate risks from declining gas supplies during dry years and could lower electricity prices by at least $10 per megawatt.
Over 20 organizations urged against taxpayer subsidies, arguing it could keep power prices high and hinder climate goals.