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Despite abundant natural resources and a relatively small population, New Zealand is a net importer of energy, in the form of petroleum products. The ratio of non-renewable and renewable energy sources was fairly consistent from 1975 to 2008, with about 70 per cent of primary energy supply coming from hydrocarbon fuels.
The oil and gas industry in New Zealand explores and develops oil and gas fields, and produces and distributes petroleum products and natural gas. In 2022, New Zealand's net self-sufficiency in oil (mmbls production divided by consumption) was 12%, i.e. the country imported much more crude and refined oil than it exported. [1]
Wood fuels are sustainable and carbon-neutral [10] and can provide New Zealand with a greener economy, less dependent on fossil fuels. [11] New Zealand Ministry of Business, Innovation and Employment data [12] shows wood fuel is the cleanest energy consumed for industrial process heat by a large margin. [13]
New Zealand's green credentials are at risk as the government rolls back environmental reforms in a bid to boost a flailing economy and fulfil promises made to its voters. Since taking power last ...
The economy of New Zealand is a highly developed free-market economy. [23] ... and a 30 percent hike in fuel prices (from NZ $1.87 per litre to $2.45 per litre).
New Zealand has entered its second recession in 18 months after the latest round of GDP figures confirmed its economy contracted in the last quarter of 2023. The country's economy shrank by 0.1% ...
Retail markup over crude oil and wholesale gasoline, 2014–2019 Oil, gas, and diesel prices RBOB Gasoline Prices. In 2008, a report by Cambridge Energy Research Associates stated that 2007 had been the year of peak gasoline usage in the United States, and that record energy prices would cause an "enduring shift" in energy consumption practices. [6]
The Huntly Power Station is the largest thermal power station in New Zealand and is located in the town of Huntly in the Waikato.It is operated by Genesis Energy Limited, a publicly listed company (currently 51% owned by the NZ Government). [1]