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If negotiations with the gentailers on a funding model to pay for the proposed LNG import facility do not succeed, what form will the "regulatory backstop" agreed by Cabinet take?

Answered Question 28182 (2026)
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Asked by

Megan Woods

Member for Wigram · Labour Party

Question

  • If negotiations with the gentailers on a funding model to pay for the proposed LNG import facility do not succeed, what form will the "regulatory backstop" agreed by Cabinet take?

Answered by

Hon Simeon Brown

Member for Pakuranga · National Party · Minister for Energy

Answer

The regulatory backstop will contain a user pays element and contribution from gentailers consistent with their responsibilities for managing dry-year risk.