LNG Push Amid Methanol Shutdown | Wellington News
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LNG Push Amid Methanol Shutdown | Wellington News
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New Zealand’s sole methanol plant is shutting down, slashing a third of the nation’s natural gas supply — sparking outrage from the Green Party, who demand the government scrap its billion-dollar LNG terminal plans. The government counters that this closure was inevitable due to past offshore drilling bans and insists the LNG project remains essential for long-term energy security, especially during dry years when hydro power falters. Meanwhile, hundreds of Taranaki workers face job losses as the plant’s gas entitlements are sold off starting in 2027, while the government pushes ahead with its timeline to have the terminal operational by next year — claiming it will ultimately lower power bills despite a small household levy.
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