Annual petroleum reserves data released today by the Ministry of Business, Innovation and Employment (MBIE) shows as of 1 January 2026 New Zealand’s natural gas proven plus probable (2P) reserves declined 23% from last year to 731 petajoules (PJ), the lowest level since recording began 20 years ago, says Amapola Generosa, Domains Manager, MBIE.
There are sufficient levels of fuel in New Zealand, and on the way. However, it is important we plan and prepare for the unlikely event of a prolonged global fuel shortage.
The September 2025 quarter saw 89.4% of all electricity generated from renewable sources, with hydro, geothermal and solar leading the charge, says Amapola Generosa, Domains Manager, Ministry of Business, Innovation and Employment.
The minimum stockholding obligation for diesel importers will increase from 21 to 28 days of cover, bolstering New Zealand’s diesel reserves and resilience to supply disruptions.