New Zealand plans to sign a contract for its first LNG import facility before the November election, aiming to secure cheaper global LNG prices in coming years. The government expects LNG to serve as an affordable, reliable backup to renewable electricity, implying improved energy reliability while leveraging projected price declines.
New Zealand plans to sign a contract for its first LNG import facility before the November election, aiming to secure cheaper global LNG prices in coming years. The government expects LNG to serve as an affordable, reliable backup to renewable electricity, implying improved energy reliability while leveraging projected price declines.
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