New Zealand’s natural gas sector is continuing production via the nation-wide closures offering critical energy including electricity to homes, hospitals and essential services.
“It’s very reassuring that natural gas remains to be flowing at a time when New Zealand wants it more than ever,” says Petroleum Exploration and Production Association of New Zealand (PEPANZ) CEO John Carnegie.
It’s also essential for power generation when demand is high and renewable sources are low. This is much more essential as a cooler climate is approaching.
It’s pleasing that a number of main industrial gas customers remain operating, playing an important role in offering overall system stability. Along with gas producers, they’re helping obtain security of supply for electricity technology and vital export manufacturing.
Oil manufacturing by itself is taken into account non-essential and certain fields have closed or are in the means of doing this safely and responsibly. To the extent that associated liquids have to be produced as a consequence of natural gas manufacturing, then oil manufacturing is permitted.
New Zealand’s oil and gas industry will be able to swing back into full manufacturing once the virus is defeated, producing exports and royalties that shall be vital in the financial recovery.
The health and welfare of people in New Zeland is the country’s highest precedence and the industry; its staff and contractors take this responsibility very significantly.