The Government's bid to bring hope back to New Zealand's gas sector has been met with approval from industry experts.

In the Budget, the Government said it would set aside $200 million over four years for co‑investment in new gas fields.

Former CEO and president of Methanex, Bruce Aitken, says this is a good idea.

"Anything that encourages exploration for natural gas is great - it's a real pity that the Government has to do it, but I think there's an inevitability that you need to take some risk out of exploration."

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The Government's bid to bring hope back to New Zealand's gas sector has been met with approval from industry experts.
In the Budget, the Government said it would set aside $200 million over four years for co‑investment in new gas fields.
Former CEO and president of Methanex, Bruce Aitken, says this is a good idea.
"Anything that encourages exploration for natural gas is great - it's a real pity that the Government has to do it, but I think there's an inevitability that you need to take some risk out of exploration."
LISTEN ABOVE

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Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Bruce Aitken: former CEO and president of Methanex voices support for Government's plan to invest more into gas

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/6698c0ed-53af-42cf-87c8-b2e500756592/transcript