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,...

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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