Government allocates $36 million for gas exploration

🇳🇿 NEW ZEALAND — New Zealand's government has allocated an additional $36 million from its Gas Security Fund, including $21.5 million specifically for gas exploration activities. This funding aims to ensure energy security amid rising energy demands.

First reported by nzherald.co.nz · developing for 14 days · nzherald.co.nz

Why it matters

The funding underpins New Zealand's efforts to bolster its energy infrastructure.

Context

Pohokura gas field is a critical site for this exploration.