Industry Supports National Party Energy Strategy

14 August 2008

Media Release

Exploration Industry Supports National Party Energy Strategy

The NZ Petroleum Exploration and Production Association said today the National Party’s energy policy would guarantee an affordable and secure supply of electricity for New Zealand.

Association Executive Officer John Pfahlert said the policy outlined the importance of gas to security of supply.

“This understanding of the major role gas plays in electricity generation is a very positive step for the future of both our sector, and for consumers,” he said.

“I’m also very pleased that a National Government will invest in seismic surveying for oil and gas in frontier areas, as this encourages offshore investment in the sector. As owner of the petroleum resource it’s up to the government to create an environment where that investment keeps being attracted to NZ.”

Mr Pfahlert said the policy was in line with the New Zealand Energy Strategy’s goals which promote affordability and security of supply.

ENDS

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