Story perspectives
Cabinet may sign LNG terminal contract before election day
By Drooid · · How we work
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Story summary
- Finance Minister Grant Brown said Cabinet could sign the LNG terminal contract before election day.
- Brown defended LNG, saying it improves energy security and may lower wholesale electricity prices.
- Electricity futures fell after the terminal commitment, which the coalition cites as price-lowering proof.
- The scheme’s cost will be passed to power companies, raising bills and breaching National’s ‘No New Taxes’ pledge.
- National’s coalition partners remain lukewarm about the LNG deal.
