May 2021
GIC warns of energy shortages by 2026
A warning there may not be enough natural gas to keep the lights on and ensure security of supply for electricity by 2026 must be listened to, according to Energy Resources Aotearoa.
The new report by the industry co-regulator the Gas Industry Company (GIC) warns that constrained gas supply could lead to energy shortages, higher prices and job losses.
“New Zealand has enough natural gas in the ground to meet demand until 2035 and beyond, but this won’t happen without major investment by producers,” says Energy Resources Aotearoa chief executive John Carnegie.
“This is a strong and clear warning on the need for the right settings to encourage much-needed investment.
“We agree with the report which finds a lack of predictability in policy settings is hampering investment at every level of the industry."
This week Energy Resources held a workshop for members with the GIC to discuss the paper. Submissions are due by 24th June and final advice will then be prepared by the GIC for the Minister of Energy and Resources who requested this work programme.
Panel event: Energy Crisis - Fact or Fiction?
Energy Resources Aotearoa is proud to host this panel event discussing the current challenges and opportunities facing the energy sector.
With sharp electricity prices and reduced natural gas supplies, it is a deeply challenging time for New Zealand’s energy sector.
- What kind of impact will this have on jobs and our economy?
- Is this a temporary challenge solely due to a dry year?
- What role does gas play in New Zealand’s energy transition?
- What can we do to build a more resilient future energy sector?
Our panelists include:
- Henrik Mosser (General Manager - OMV)
- Vince Hawksworth (Chief Executive - Mercury)
- Terry Skiffington (Chief Operating Officer - Oji Fibre Solutions)
- Phil O’Reilly (Managing Director - Iron Duke Partners)
John Kidd (Enerlytica) will facilitate the discussion, followed by Q&A from the floor and a final wrap-up. Reservations are essential and are free for Energy Resources Aotearoa members.
Energy Skills course: Fundamentals of Energy, Oil and Gas
Energy Skills is delivering a Fundamentals of Energy, Oil and Gas one day training course on Wednesday 23 June in New Plymouth.
This full day course is a must attend for all new entrants to the industry. It covers essential aspects of industry operations in New Zealand and provides delegates with a fundamental understanding of today’s environment.
Meet the Chief Executive events
The first in a series of "Meet the Chief Executive" events has been held by Energy Resources Aotearoa earlier this month.
The inaugural speaker was Todd Energy's new Chief Executive (and the Chair of Energy Resources Aotearoa) Mark Macfarlane.
A large audience heard Mark's thoughts on the future role of natural gas, followed by a lively discussion.
Our next event is Genesis chief executive Marc England in Wellington at midday on Wednesday 7th July. Save the date and stay tuned for a formal invitation.
Energy Excellence winners unveiled
Congratulations to winners at the 2021 Energy Excellence Award held earlier this month. Some of the highlights include:
- Community Initiative of the Year, sponsored by Energy Resources Aotearoa: Methanex for their work strengthening hapū relationships (pictured below).
- Network Initiative of the Year: OMV for their work on the Pohokura pipeline.
- Young Energy Professional of the Year: Juliet Oliver from Todd Energy.
Member Update: Sean Rush
Congratulations to Energy Resources member Sean Rush who has graduated with a Masters of Climate Change Science and Energy from Victoria University.
As well as being a Wellington City Councillor, Sean is also an energy and infrastructure lawyer with decades of experience in New Zealand and overseas. Well done Sean!
