The Government’s opting to provide capital to Crown-controlled power companies instead of reshaping its role in the energy sector. 

Genesis, Mercury, and Meridian have been assured funding is available for major infrastructure projects. 

A procurement process for a Liquefied Natural Gas facility has also been launched, which Energy Minister Simon Watts says will start on Monday. 

He told Mike Hosking Cabinet will aim to make a decision by Christmas to get supply into the country as soon as possible. 

Watts says their shortest timeline has supply arriving by Winter of 2027, but if a more traditional route is used, it’s more likely to come by 2028 or 2029.  

LISTEN ABOVE 

The Government’s opting to provide capital to Crown-controlled power companies instead of reshaping its role in the energy sector.&nbsp;
Genesis, Mercury, and Meridian have been assured funding is available for major infrastructure projects.&nbsp;
A procurement process for a Liquefied Natural Gas facility has also been launched, which Energy Minister Simon Watts says will start on Monday.&nbsp;
He told Mike Hosking Cabinet will aim to make a decision by Christmas to get supply into the country as soon as possible.&nbsp;
Watts says their shortest timeline has supply arriving by Winter of 2027, but if a more traditional route is used, it’s more likely to come by 2028 or 2029. &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

Simon Watts: Energy Minister on the Government's plan for energy reform, procuring a Liquefied Natural Gas facility

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/dd527241-4b46-40df-b4af-b36801534a40/transcript

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