Simon Watts: Energy Minister on the Government launching a new LNG facility designed to boost economic growth
Heather du Plessis-Allan Drive · Newstalk ZB
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Show Notes
The Government isn't giving a firm figure on what'll be paid to build a liquefied natural gas import facility in Taranaki.
It's aiming to sign a contract by mid-year.
It says it'll save the country about $265 million a year - about $50 dollars per household - and protect about 2000 jobs.
An electricity levy of $2-$4 per megawatt-hour will fund the infrastructure.
Energy Minister Simon Watts says limited gas supply contributed to the recent increase in energy crisis and the Government needs to establish a new supply.
"That'll take the risk and put certainty back in to ensure we do have gas in a dry year, and with that, that provides benefits through to the broader country."
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