Gas prices could hike up due to the country's low gas production.

Figures from the Gas Industry Company show a 12.5% decrease in gas production last year, and almost 30% less has been produced than projected this year.

Resources Minister Shane Jones told Mike Hosking that he doesn’t want to catastrophize, but it’s very serious. 

He said that after a long period of noninvestment in and stigmatization of the gas sector, we’re now increasingly relying on Indonesian coal to keep the lights on.

It will be a big challenge, Jones said, to convince foreigners and kiwis who have the money to continue to commit to the gas sector.

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Gas prices could hike up due to the country's low gas production. 
Figures from the Gas Industry Company show a 12.5% decrease in gas production last year, and almost 30% less has been produced than projected this year. 
Resources Minister Shane Jones told Mike Hosking that he doesn’t want to catastrophize, but it’s very serious.  
He said that after a long period of noninvestment in and stigmatization of the gas sector, we’re now increasingly relying on Indonesian coal to keep the lights on. 
It will be a big challenge, Jones said, to convince foreigners and kiwis who have the money to continue to commit to the gas sector. 
LISTEN ABOVE

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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,...