On the 29th New Zealand granted a private company a 12-year license to explore offshore in the Taranaki Basin, the first permit since the government lifted its exploration ban last year. Resource Minister Shane Jones said the decision signals the government is open to commercial investment and that new exploration is needed as existing gas fields decline.

2026-07-29

On the 29th New Zealand granted a private company a 12-year license to explore offshore in the Taranaki Basin, the first permit since the government lifted its exploration ban last year. Resource Minister Shane Jones said the decision signals the government is open to commercial investment and that new exploration is needed as existing gas fields decline.