An energy industry lobby group is warning the decline in domestic gas supply is a sign of a shrinking economy. 

PwC research —commissioned by Gas Industry Co— suggests the gas market must contract sharply as domestic supply falls, potentially leading to business closures, job losses, and higher energy costs. 

The research assumes the Maui field will stop producing in 2027. 

Energy Resources Aotearoa Chief Executive John Carnegie told Mike Hosking modelling suggests the economic impact will be significant. 

He says a report for MBIE found that without LNG terminals and with the loss of domestic supply, New Zealand's GDP will be about 0.1% lower in 2035. 

LISTEN ABOVE 

An energy industry lobby group is warning the decline in domestic gas supply is a sign of a shrinking economy.&nbsp;
PwC research —commissioned by Gas Industry Co— suggests the gas market must contract sharply as domestic supply falls, potentially leading to business closures, job losses, and higher energy costs.&nbsp;
The research assumes the Maui field will stop producing in 2027.&nbsp;
Energy Resources Aotearoa Chief Executive John Carnegie told Mike Hosking modelling suggests the economic impact will be significant.&nbsp;
He says a report for MBIE found that without LNG terminals and with the loss of domestic supply, New Zealand's GDP will be about 0.1% lower in 2035.&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

John Carnegie: Energy Resources Aotearoa CEO on the report showing the declining domestic gas supply and its effect on the economy

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/8d707d19-59be-4d7c-b2d9-b40b0153c149/transcript

All systems are go at Ruapuna ahead of the maiden South Island Supercars event. 

The programme has a fourth race added after a postponement due to weather last week in Taupo. 

More than 20,000 attendees are expected each day. 

Canterbury Car Club GM Mark Wederall told Mike Hosking in comparison their biggest event, the Skope Classic, gets about seven to eight thousand across the entire weekend.  

He says the buzz has gone beyond the car lovers – everyone in town is talking about the Supercars event.  

LISTEN ABOVE 

All systems are go at Ruapuna ahead of the maiden South Island Supercars event.&nbsp;
The programme has a fourth race added after a postponement due to weather last week in Taupo.&nbsp;
More than 20,000 attendees are expected each day.&nbsp;
Canterbury Car Club GM Mark Wederall told Mike Hosking in comparison their biggest event, the Skope Classic, gets about seven to eight thousand across the entire weekend. &nbsp;
He says the buzz has gone beyond the car lovers – everyone in town is talking about the Supercars event. &nbsp;
LISTEN ABOVE&nbsp;

Mark Wederall: Canterbury Car Club General Manager on this weekend's Supercars event in Ruapuna

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/dd33dc72-6dd5-445e-94eb-b42e015e16f2/transcript

The world could pay a high price for the US launching war on Iran.  

Global shipping's in turmoil as Donald Trump's naval blockade increases uncertainty, although he's hinting peace talks could resume. 

The International Monetary Fund's warning a prolonged conflict could tilt the global economy towards recession. 

Former Chief Economic Advisor to Boris Johnson, Gerard Lyons told Mike Hosking that from an economic perspective, there are no easy wins for the UK. 

He says it’s likely that growth will be low, inflation will rise, and unfortunately unemployment, which currently sits around 5.4%, could head even higher.  

LISTEN ABOVE 

The world could pay a high price for the US launching war on Iran. &nbsp;
Global shipping's in turmoil as Donald Trump's naval blockade increases uncertainty, although he's hinting peace talks could resume.&nbsp;
The International Monetary Fund's warning a prolonged conflict could tilt the global economy towards recession.&nbsp;
Former Chief Economic Advisor to Boris Johnson, Gerard Lyons told Mike Hosking that from an economic perspective, there are no easy wins for the UK.&nbsp;
He says it’s likely that growth will be low, inflation will rise, and unfortunately unemployment, which currently sits around 5.4%, could head even higher. &nbsp;
LISTEN ABOVE&nbsp;

Gerard Lyons: Former Chief Economic Advisor to Boris Johnson on the IMF's warnings about the Iran war's impact on the global economy, the impact on the UK

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/5bc9bbf5-6f9c-46e0-a7c6-b42e0159017c/transcript

Removal of Iran’s enriched uranium will be a “very, very complex assignment” that would take many months – and that’s if Iran has actually agreed to its removal. 

US President Donald Trump told reporters this morning that Iran had agreed to give up its enriched uranium, but that had raised plenty of questions, US Correspondent Richard Arnold told Mike Hosking. 

The 444.9kg of uranium, enriched up to 60% purity, was left over after US and Israeli airstrikes last March, despite Trump’s claim at the time that Iran’s nuclear stocks were totally obliterated, Arnold pointed out. 

“Has Iran really agreed to this? We're yet to hear from, you know, the Iranians. No deal until, and unless, there's a deal.” 

A 10-day ceasefire between Israel and Lebanon had also been announced, but Trump was “covering all bases” by sending another 10,000 US troops to the Middle East, Arnold said. 

One political science expert —Professor Robert Pape of the University of Chicago— had put the chances of renewed US military action at about 70%. 

LISTEN ABOVE 

Removal of Iran’s enriched uranium will be a “very, very complex assignment” that would take many months – and that’s if Iran has actually agreed to its removal.&nbsp;
US President Donald Trump told reporters this morning that Iran had agreed to give up its enriched uranium, but that had raised plenty of questions, US Correspondent Richard Arnold told Mike Hosking.&nbsp;
The 444.9kg of uranium, enriched up to 60% purity, was left over after US and Israeli airstrikes last March, despite Trump’s claim at the time that Iran’s nuclear stocks were totally obliterated, Arnold pointed out.&nbsp;
“Has Iran really agreed to this? We're yet to hear from, you know, the Iranians. No deal until, and unless, there's a deal.”&nbsp;
A 10-day ceasefire between Israel and Lebanon had also been announced, but Trump was “covering all bases” by sending another 10,000 US troops to the Middle East, Arnold said.&nbsp;
One political science expert —Professor Robert Pape of the University of Chicago— had put the chances of renewed US military action at about 70%.&nbsp;
LISTEN ABOVE&nbsp;

Richard Arnold: US Correspondent on the ceasefire between Israel and Lebanon, Trump claims Iran agreed to hand over enriched uranium

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/78211c31-a22b-40b6-b9d4-b42e015274ec/transcript

John Carnegie: Energy Resources Aotearoa CEO on the report showing the declining domestic gas supply and its effect on the economy

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