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Is the statement that the $200 million gas exploration fund is "fully subscribed" as reported on 1 May 2026 on BusinessDesk accurate, and if so, on what date did it become fully subscribed?

Answered Question 18510 (2026)
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Asked by

Megan Woods

Member for Wigram · Labour Party

Question

  • Is the statement that the $200 million gas exploration fund is "fully subscribed" as reported on 1 May 2026 on BusinessDesk accurate, and if so, on what date did it become fully subscribed?

Answered by

Hon Shane Jones

List MP · NZ First · Minister for Regional Development

Answer

As at 24 April 2026, the value of the investment proposals received exceeded $200 million, however, as no investment decisions have been entered into at this time, the fund is not fully subscribed.