Greymouth Petroleum Urges Support for Gas Sector Amid Supply Concerns

Greymouth Petroleum Limited, which supplies approximately 20% of New Zealand’s gas needs, has called on the government to maintain a balanced regulatory regime for gas producers. The company warns against stricter regulations, emphasizing the importance of harnessing the country’s existing petroleum resources while transitioning to low-carbon energy alternatives.

At the time of writing, Greymouth has also urged major banks to support the sector, highlighting the critical need to address New Zealand’s declining natural gas supply. The company advocates for a collaborative approach among policymakers, financial institutions, and the energy sector to ensure a stable energy transition without jeopardizing current energy needs.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com