New Zealand Mulls CNG Imports

Tuesday, January 31, 2006
New Zealand energy companies are considering importing compressed natural gas to help make up a possible gas shortfall when the Maui field runs dry in 2010, as reported in the New Zealand Herald. As the Maui gas field, off the south coast of Taranaki, nears the end of its life, concern is mounting about how to make up the energy shortfall if no new gas fields are found. CNG would overcome several objections to one of the alternatives gaining traction - the importation of liquefied natural gas. But it may be more complicated and expensive. If energy companies decide LNG is the most viable option, they would most likely - with Government help - spend as much as $684 million to build an LNG terminal at Marsden Point or New Plymouth. Here LNG would be received from massive ships, stored and later transformed into a gas before being piped into the national gas grid. Some believe the cost and the potential dangers of LNG are too high. They warn the risks of New Zealand becoming overly dependent on offshore energy and the vulnerability of the economy to a failure at an LNG terminal need to be considered.

(Source: New Zealand Herald)

Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Energy

Fourth Rig Delivered to Perforadora Central

Keppel AmFELS LLC, a wholly owned US subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has delivered the jackup rig, Coatzacoalcos, to Mexico’s Central Panuco S.

Massive LNG Absorber Shipped to Malaysia

Successful transport of 1,480t absorber for biggest LNG plant worldwide in Malaysia.   1,480 tons and a high center of gravity made the transport of an absorber

EU: Ships Will Measure CO2 Emissions

Shippers to begin monitoring from 2018; Environmental groups say law is weak, shippers favorable. The shipping sector will for the first time have to monitor

 
 
Maritime Security Naval Architecture Offshore Oil Pipelines Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1136 sec (9 req/sec)