Nov 20, 2025
Media
No ‘gas renaissance’ in landmark report charting NZ’s energy future

Newsroom's Marc Daalder digs into the Boston Consulting Group's new report Energy to Grow. As co-author Richard Hobbs said: “Really, the main story of what’s happened in the last three years [since the last report] is just the bottom has fallen out of the gas market. We’ve seen gas supply decline 45 percent in the last six years – dramatically below what anyone was forecasting. That context, overlaid with a dry year in 2024, really exposed quite a few fragilities in our energy system.”

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