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Latest energy statistics published

Latest energy statistics published

The Ministry of Business, Innovation and Employment has today published Energy in New Zealand 2014, which contains a wide range of energy-related information based on new and consolidated statistics.

Energy in New Zealand 2014 details the supply, transformation and use of all types of fuel in New Zealand. It also contains information on energy prices, international comparisons and oil and gas reserves.

New Zealand’s use of energy relative to GDP or “energy intensity” is continuing to improve. In real terms, energy intensity was 1.8 percent lower in 2013 than in 2012. This continues an average downward trend in New Zealand’s overall energy intensity of 1.4 percent per year since 1990.

Oil and gas exploration and development expenditure increased to $1.577 billion in 2013, up 7 percent from 2012. In 2013, 32 wells were drilled to a cumulative depth of over 93 km.

Gas reserves have been revised upwards by 31 percent from 2012, and the remaining reserves at 2,642 petajoules are now the highest in 13 years. This reflects a significant increase to the reserves at several key fields. Sustained drilling programmes at Maui and Mangahewa, as well as a number of well surveys at Pohokura and Kupe, have enabled a better understanding of these fields.

The share of electricity generated from renewables increased to 75.1 percent, up from 72.8 percent in 2012. The main factors driving this growth were an increase in geothermal electricity generation capacity (commissioning of Ngatamariki), and the retirement of a second 250 MW coal-fired generation unit at Huntly during the year.

During 2013, 35,500 barrels of crude oil and condensate were produced in New Zealand on average per day – 14 percent less than in 2012. The main reason for this drop was an extended maintenance shutdown at the Maari oil field late in the year.

Net production of natural gas (excluding production losses and flaring) in 2013 was 181 petajoules, an increase of 7 percent from 2012.

Energy in New Zealand 2014 is used by MBIE and other government agencies to develop policies on energy and to forecast energy supply and demand, as well as by energy sector participants and by the International Energy Agency.

It is available on MBIE’s Economic Development website at http://www.med.govt.nz/sectors-industries/energy/energy-modelling/publications/energy-in-new-zealand

[ends]

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