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To what extent, if any, might the new fiscal risk in the Budget Economic and Finance Update that "there is a risk that the Crown could incur additional costs to procure LNG facility services" worsen due to the ongoing fossil fuel price shock?

Answered Question 24844 (2026)
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Asked by

Chlöe Swarbrick

Member for Auckland Central · Green Party

Question

  • To what extent, if any, might the new fiscal risk in the Budget Economic and Finance Update that "there is a risk that the Crown could incur additional costs to procure LNG facility services" worsen due to the ongoing fossil fuel price shock?

Answered by

Hon Nicola Willis

List MP · National Party · Minister of Finance

Answer

The increase in global fuel prices as a result of the Middle East conflict does not directly impact the fiscal cost of procuring Liquified Natural Gas facility services.