I'm starting to get a little bit nervous about whether we are ever going to be able to attract overseas investors back into our oil and gas industry.

I mean, you think about it - the world has known since October last year that we were back open for business, because that’s when the coalition Government won the election.

From there, it was clear that all three parties wanted to reverse the oil and gas ban. Since October, the world knew things were going to change in New Zealand.

But from what I can tell, no one is interested in coming here to do the work. And frankly, if no one has registered an interest in 9 months, I think we might need to start getting realistic about this.

It's probably over, the ship has sailed.

You can sort of tell by the language that Shane Jones is using that he might know this too - he's talking about trying to make it more appealing for investors to come back by giving them really long-term contracts.

It's almost desperate stuff, and I suspect it's because he can see no one’s nibbling after nine months.

And why would they?

Labour has already raised the prospect that they are open to nixing projects again once they get back in. Investors around the world will see that - and who wants to put billions of dollars of investment in to have Labour come and ban your business again?

So what this means is that, short of a miracle and some overseas investor taking a punt on us, we are probably gonna have make do with what we’ve got. And that’s not a good prospect.

Our gas is running out faster than we thought it would, we’re facing lights out this winter because of a gas shortage. We have been warned about this.

It seems to me - and I'm sorry to say this - that Huntly is going to be a very busy girl burning that coal for a long time.

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I'm starting to get a little bit nervous about whether we are ever going to be able to attract overseas investors back into our oil and gas industry. I mean, you think about it - the world has known since October last year that we were back open for business, because that’s when the coalition Government won the election.
From there, it was clear that all three parties wanted to reverse the oil and gas ban. Since October, the world knew things were going to change in New Zealand. But from what I can tell, no one is interested in coming here to do the work. And frankly, if no one has registered an interest in 9 months, I think we might need to start getting realistic about this. It's probably over, the ship has sailed.
You can sort of tell by the language that Shane Jones is using that he might know this too - he's talking about trying to make it more appealing for investors to come back by giving them really long-term contracts.
It's almost desperate stuff, and I suspect it's because he can see no one’s nibbling after nine months. And why would they? Labour has already raised the prospect that they are open to nixing projects again once they get back in. Investors around the world will see that - and who wants to put billions of dollars of investment in to have Labour come and ban your business again?
So what this means is that, short of a miracle and some overseas investor taking a punt on us, we are probably gonna have make do with what we’ve got. And that’s not a good prospect. Our gas is running out faster than we thought it would, we’re facing lights out this winter because of a gas shortage. We have been warned about this. It seems to me - and I'm sorry to say this - that Huntly is going to be a very busy girl burning that coal for a long time.
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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

Heather du Plessis-Allan: Our gas is running out faster than we ever thought it would

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/859e1199-be29-40f2-96d7-b18b00656596/transcript