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

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

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/f446b541-9f17-433d-a50e-b2e50075649c/transcript