The Finance Minister says major gas user Methanex shutting up shop doesn't change the Government's argument for a Liquified Natural Gas terminal. 

The methanol producer is closing its Taranaki plant after more than 30 years. 

It cites the continued decline in domestic natural gas and no clear pathway to meaningful new supply. 

Nicola Willis told Mike Hosking they'd already predicted Methanex would close and had factored this into their LNG plans. 

She says they decided the gas Methanex uses being released back into the market wouldn't be enough to solve our problems, believing another option is still needed. 

LISTEN ABOVE  

The Finance Minister says major gas user Methanex shutting up shop doesn't change the Government's argument for a Liquified Natural Gas terminal.&nbsp;
The methanol producer is closing its Taranaki plant after more than 30 years.&nbsp;
It cites the continued decline in domestic natural gas and no clear pathway to meaningful new supply.&nbsp;
Nicola Willis told Mike Hosking they'd already predicted Methanex would close and had factored this into their LNG plans.&nbsp;
She says they decided the gas Methanex uses being released back into the market wouldn't be enough to solve our problems, believing another option is still needed.&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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Nicola Willis: Finance Minister on the OCR, Methanex closing its Taranaki plant after more than 30 years

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c1ee5a44-9bba-49b8-93cc-b4b901476c10/transcript