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🚩 𝗥𝗶𝘀𝗸 𝗼𝗳 𝗟𝗡𝗚 𝗜𝗺𝗽𝗼𝗿𝘁 𝗗𝗲𝗰𝗶𝘀𝗶𝗼𝗻 𝗔𝗹𝗿𝗲𝗮𝗱𝘆 𝗘𝘅𝗽𝗼𝘀𝗲𝗱

The Government’s plan to rely on imported LNG as a "silver bullet" for energy security is facing its first major reality check.

As conflict in the Middle East escalates, global supply chains are rattling. Recent data shows LNG futures prices have surged by 42%, proving that "energy security" based on international imports is often just a different form of vulnerability.

As Brad Olsen JP (Infometrics) puts it:

"Current events make it harder to immediately buy into why this LNG facility is likely the best option, because it has potentially fallen over at the first hurdle."

At SEANZ, we believe true energy independence doesn't come from a tanker in the Strait of Hormuz. It comes from:

• Utilising Aotearoa’s abundant solar and wind resources
• Investing in battery technology and smart energy management.
• Shielding Kiwi businesses and households from international geopolitical shocks.

The "dry year" risk is real, but should we be doubling down on volatile fossil fuel imports, or accelerating our path to a self-sufficient, renewable future?

Read more on the current risks here:

RNZ: Conflict in Iran shows risk of government’s LNG plan

Investment Executive: Oil and LNG prices surge amid tanker disruptions

(Image: Getty)