A promise of certainty and hopes of cheaper power prices with a facility to import liquefied natural gas. 

The Government’s confirmed it will build a liquefied natural gas import facility in Taranaki, with a contract expected by mid-year. 

It says the project will save the country about $265 million annually – roughly $50 per household. 

Energy Resources Aotearoa CEO John Carnegie told Ryan Bridge it’s a necessary dry year insurance policy, as the country faces a massive fuel shortage. 

He says there will be a large upfront cost, but officials say the investment will effectively take the heat out of the electricity market and lower peak prices.  

LISTEN ABOVE 

A promise of certainty and hopes of cheaper power prices with a facility to import liquefied natural gas.&nbsp;
The Government’s confirmed it will build a liquefied natural gas import facility in Taranaki, with a contract expected by mid-year.&nbsp;
It says the project will save the country about $265 million annually – roughly $50 per household.&nbsp;
Energy Resources Aotearoa CEO John Carnegie told Ryan Bridge it’s a necessary dry year insurance policy, as the country faces a massive fuel shortage.&nbsp;
He says there will be a large upfront cost, but officials say the investment will effectively take the heat out of the electricity market and lower peak prices. &nbsp;
LISTEN ABOVE&nbsp;

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

Early Edition with Ryan Bridge

John Carnegie: Energy Resources Aotearoa CEO on the Government's proposed LNG import facility

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/4d4a45b0-8f3c-4d50-a331-b3ec016b446e/transcript