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.
New requirements for electric vehicle chargers supplied in New Zealand will help increase the uptake of smart electric vehicle charging across the country and reduce pressure on the electricity grid.
New Zealand firm Todd Energy has been selected as the preferred lead contractor to drill New Zealand’s first exploratory superdeep, superhot geothermal well, which – if successful – could bring about a step change in New Zealand’s energy supply.
The Government has announced its next steps in leveraging public sector energy demand to drive new energy projects and help grow New Zealand’s energy supply.