Andrew Jefferies: Echelon Resources CEO on the falling rate of natural gas production
The Mike Hosking Breakfast · Newstalk ZB
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Show Notes
A continuing squeeze on natural-gas supply, with little hope for a quick solution.
Production fell 20% in the first quarter, compared on the year before, to 22.85 petajoules.
Industry spokespeople say available gas is depleting and exploration of new fields is banned.
Echelon Resources CEO Andrew Jefferies told Mike Hosking we're not going to get more gas without looking for it.
He says gas provides nearly the same amount of energy electricity does, so people can't do without it.
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