What is the investment today by the government, if any, on offshore oil and gas … | Question 33147 (2026)

Answered Question 33147 (2026)

Question published: 23 July 2026
Reply lodged: 3 August 2026

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Asked by

Steve Abel

List MP · Green Party

Question

What is the investment today by the government, if any, on offshore oil and gas exploration?

Answered by

Hon Shane Jones

List MP · NZ First · Minister for Resources

Answer

The Government has not made any direct investment in offshore oil and gas exploration at this time. It has established a $200 million Gas Security Fund to provide co-investment in a range of projects that will bring more gas to market.