We regularly produce or commission research and analysis on aspects of the gas industry.
The 2024 Gas Supply and Demand study was undertaken by EY It analysed four potential scenarios to represent a range of possible futures, a‘low intervention’ future, a ‘Methanex leaves early’ scenario, LNG imports, and a high use of renewables.
The study showed investment in new gas supply is needed, and that in the absence of imported fuel or a significant domestic gas discovery, supply will become insufficient to meet demand if the current trajectory continues.
The 2023 study was completed in consultation with field operators, large industrial consumers, gas network owners, retailers and owners of gas-inclusive electricity generation.It uses the most recent gas reserves and production information published by the Ministry of Business, Innovation and Employment (MBIE).
Distinct scenarios investigate the effects of various pathways for the sector.
New Zealand is transitioning to a future with 100% renewable electricity from 2030, and a net zero carbon economy by 2050. During the transition, the electricity industry needs security of gas supply. Major gas users also need certainty and transparency for their operations.
We investigated these issues after the Minister of Energy & Resources asked for advice about settings in the natural gas market and whether they are fit for purpose for New Zealand’s transition to 100 per cent renewable electricity by 2030.
We commissioned Concept Consulting to produce the study “Gas demand and supply projections – 2021 to 2035” to to support our Gas Market Settings Investigation.
Assessment of the supply and demand outlook is central to our investigation analysis and we have fielded numerous requests for the study to be released. You can read the study below.
Studies and reports completed by and for Gas Industry Co can be found below. More recent research can be found in the relevant workstream under Our work.
We publish gas supply and demand studies to better understand the role of gas in the future and to provide stakeholders with useful information to make informed decisions.
Regular Supply and Demand studies provide insights for industry and policymakers about the potential outcomes from decisions about possible pathways for the sector.
Scenarios analysis seeks to model likely outcomes in a given set of circumstances, allowing us to explore the potential impacts of different demand-side and supply-side drivers. This helps us to make decisions between potential choices.
Scenario analysis differs from forecasting because it is not a prediction of what is likely to happen in the future.
Read more about our Supply and Demand studies.