Chris Luxon says the Government's proposed LNG important terminal in Taranaki will only proceed if it makes commercial sense.

A procurement process was announced last month, with the Government due to make a decision on whether to proceed around the middle of the year.

Newstalk ZB understands multiple ministers privately admit high gas prices might lead Cabinet to walk away from the project.

The Prime Minister told Mike Hosking that the Government will seriously consider the options put on the table.

He says he genuinely wants to make sure the business case is right - and if there's a good business case they'll do it, and if there isn't, they won't.

LISTEN ABOVE

Chris Luxon says the Government's proposed LNG important terminal in Taranaki will only proceed if it makes commercial sense.
A procurement process was announced last month, with the Government due to make a decision on whether to proceed around the middle of the year.
Newstalk ZB understands multiple ministers privately admit high gas prices might lead Cabinet to walk away from the project.
The Prime Minister told Mike Hosking that the Government will seriously consider the options put on the table.
He says he genuinely wants to make sure the business case is right - and if there's a good business case they'll do it, and if there isn't, they won't.
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.

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Christopher Luxon: Prime Minister comments on progress of proposed LNG terminal in Tauranga

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/d5b0fcd4-3ac5-4eb0-ac5f-b41c013e3abe/transcript