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What assessment, if any, has the Minister made of the risk that importing LNG could link domestic gas prices to international LNG prices?

Answered Question 20460 (2026)
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Asked by

Megan Woods

Member for Wigram · Labour Party

Question

  • What assessment, if any, has the Minister made of the risk that importing LNG could link domestic gas prices to international LNG prices?

Answered by

Hon Simeon Brown

Member for Pakuranga · National Party · Minister for Energy

Answer

I have had advice on the potential effects of LNG on gas prices in New Zealand. The recent PWC/GIC Gas Supply and Demand Study suggests that without LNG, domestic gas prices could rise to $31/GJ (compared to an LNG price of around $25/GJ).