An energy industry lobby group is warning the decline in domestic gas supply is a sign of a shrinking economy.
PwC research —commissioned by Gas Industry Co— suggests the gas market must contract sharply as domestic supply falls, potentially leading to business closures, job losses, and higher energy costs.
The research assumes the Maui field will stop producing in 2027.
Energy Resources Aotearoa Chief Executive John Carnegie told Mike Hosking modelling suggests the economic impact will be significant.
He says a report for MBIE found that without LNG terminals and with the loss of domestic supply, New Zealand's GDP will be about 0.1% lower in 2035.
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