Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


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]

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Sky City : Auckland Convention Centre Cost Jumps By A Fifth

SkyCity Entertainment Group, the casino and hotel operator, is in talks with the government on how to fund the increased cost of as much as $130 million to build an international convention centre in downtown Auckland, with further gambling concessions ruled out. The Auckland-based company has increased its estimate to build the centre to between $470 million and $530 million as the construction boom across the country drives up building costs and design changes add to the bill.
More>>

ALSO:

RMTU: Mediation Between Lyttelton Port And Union Fails

The Rail and Maritime Union (RMTU) has opted to continue its overtime ban indefinitely after mediation with the Lyttelton Port of Christchurch (LPC) failed to progress collective bargaining. More>>

Earlier:

Science Policy: Callaghan, NSC Funding Knocked In Submissions

Callaghan Innovation, which was last year allocated a budget of $566 million over four years to dish out research and development grants, and the National Science Challenges attracted criticism in submissions on the government’s draft national statement of science investment, with science funding largely seen as too fragmented. More>>

ALSO:

Scoop Business: Spark, Voda And Telstra To Lay New Trans-Tasman Cable

Spark New Zealand and Vodafone, New Zealand’s two dominant telecommunications providers, in partnership with Australian provider Telstra, will spend US$70 million building a trans-Tasman submarine cable to bolster broadband traffic between the neighbouring countries and the rest of the world. More>>

ALSO:

More:

Statistics: Current Account Deficit Widens

New Zealand's annual current account deficit was $6.1 billion (2.6 percent of GDP) for the year ended September 2014. This compares with a deficit of $5.8 billion (2.5 percent of GDP) for the year ended June 2014. More>>

ALSO:

Still In The Red: NZ Govt Shunts Out Surplus To 2016

The New Zealand government has pushed out its targeted return to surplus for a year as falling dairy prices and a low inflation environment has kept a lid on its rising tax take, but is still dangling a possible tax cut in 2017, the next election year and promising to try and achieve the surplus pledge on which it campaigned for election in September. More>>

ALSO:

Job Insecurity: Time For Jobs That Count In The Meat Industry

“Meat Workers face it all”, says Graham Cooke, Meat Workers Union National Secretary. “Seasonal work, dangerous jobs, casual and zero hours contracts, and increasing pressure on workers to join non-union individual agreements. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news