Energy bosses express mixed viewsAppearing at the energy sector conference Downstream in Wellington on Tuesday morning, gentailer chief executives were asked what the crisis meant for the LNG terminal. I think LNG stands for 'likely no gas' to be honest," Genesis chief executive Malcolm Johns said. Fifty percent of our overall footprint is imported, so we have a highly exposed energy system to the rest of the world. Watts said the government was proceeding with the procurement process "as planned", but like any procurement process the government wanted to get "a good deal". "First and foremost, we're doing a procurement process to build a strategic LNG importation terminal.

Source: Otago Daily Times March 31, 2026 05:58 UTC