New Zealand to Construct LNG Import Facility in Taranaki by 2028 for Energy Security
New Zealand plans to build a liquefied natural gas (LNG) import facility in Taranaki to enhance energy security and economic growth. The facility is expected to be operational by 2027 or early 2028, following a government contract signing in mid-2026. The project aims to address declining gas supplies and reduce reliance on coal and diesel, potentially generating NZ$1.2 billion annually by 2035 and protecting approximately 2,000 jobs.

New Zealand will construct an LNG import facility in Taranaki to enhance energy security and economic growth. The facility is set to be operational by 2027 or early 2028, with a contract expected to be signed by mid-2026.
The initiative aims to tackle a decline in gas supplies and reduce reliance on coal and diesel, which has led to higher electricity prices. The government anticipates an economic benefit of NZ$1.2 billion annually by 2035 and the protection of about 2,000 jobs. The project will be funded through a levy on the electricity sector, expected to reduce power spikes and improve supply reliability.




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