Business
NZ Aims to Sign LNG Import Plant Deal Before November Election
- 1 min read - Source: Bloomberg
TOP SUMMARY
New Zealand plans to sign a contract for its first liquefied natural gas import facility before the November election, with the government betting cheaper...
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Key points
- New Zealand plans to sign a contract for its first liquefied natural gas import facility before the November election, with the government betting cheaper global LNG prices in coming years will make the fuel an affordable and reliable backup for renewable electricity.
What happened
New Zealand plans to sign a contract for its first liquefied natural gas import facility before the November election, with the government betting cheaper global LNG prices in coming years will make the fuel an affordable and reliable backup for renewable electricity.