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What effect, if any, would global LNG price spikes have on New Zealand if an LNG import terminal were operational?

Answered Question 7124 (2026)
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Asked by

Megan Woods

Member for Wigram · Labour Party

Question

  • What effect, if any, would global LNG price spikes have on New Zealand if an LNG import terminal were operational?

Answered by

Hon Simon Watts

Member for North Shore · National Party · Minister for Energy

Answer

The effect, if any, would depend on the nature of price changes, the shape of final LNG procurement, and contracting arrangements for imports. This is similar to many imported fuels, including coal.