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 (EV) chargers supplied in New Zealand will help increase the uptake of smart EV charging across the country and reduce pressure on the electricity grid.
Natural gas underpins electricity supply security, supports a substantial petrochemical manufacturing sector and is used by many export industries. In addition, many households and businesses use gas for heating and cooking.
This page describes the energy markets regulatory system and its objectives. It also lists the main statutes and changes to regulation either planned or in progress.