Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Kupe gas – billion dollar vote of confidence

29 June 2006

Kupe gas project – a billion dollar vote of confidence

The decision of the Kupe gas field partners to proceed with the near billion dollar development of the offshore field is a vital step in securing our energy future, Finance Minister Michael Cullen said today.

The partners announced today the decision to proceed with the $950 million development of the field. Gas will flow from 2009 and meet 15 per cent of New Zealand's annual demand. The project provides a long term gas supply for Genesis Energy's new e3P plant at Huntly.

"This is an important signal that we are meeting our energy challenges. In particular, it will help deal with the uncertainty caused by the decline in supply from the Maui gas field.

"The project will be a major boost to the south Taranaki economy providing engineering and construction jobs.

"It's also a strong vote of confidence in the New Zealand economy and another sign that the current slowdown will be shortlived.

"These are complex investment decisions. Today's announcement flies in the face of those who say this country is not a good place to do business. It reminds us that New Zealand continues to score highly on international comparisons of the ease of doing business.

"I congratulate the partners and the other parties involved in ensuring this development can proceed," Dr Cullen concluded.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Supreme Court: Worksafe Decision On Whittall Pike River Prosecution Unlawful

The question in issue on the appeal was whether WorkSafe New Zealand acted to give effect to an unlawful agreement of this nature when it offered no evidence on charges against Peter William Whittall for breaches of the Health and Safety in Employment Act 1992...

The Supreme Court... has found that the decision to offer no evidence was made under an unlawful agreement to stifle prosecution. It has granted a declaration to that effect. More>>


Cullen To Chair: Tax Working Group Terms Of Reference Announced

Finance Minister Grant Robertson and Revenue Minister Stuart Nash today announced the Terms of Reference for the Tax Working Group and that the Group will be chaired by Sir Michael Cullen. More>>


Gordon Campbell: On The New Pike River Agency (And The Air Strike Wing)

Much of the sympathy the public still feels for the families of the Pike River miners has been sustained by the sense that the previous government – let alone the mining company and the processes of receivership and litigation – has never dealt honestly, or fairly, with them. More>>


Not Going Swimmingly: Contractor Cut, New Dates For Christchurch Sports Centre

“As an incoming Minister, I have been conducting a thorough review of progress on the Anchor projects and to learn of a $75 million budget blowout on this project was very disappointing..." More>>


Tertiary: Allowances, Loan Living Costs To Get Boost

“From 1 January, student allowance base rates and the maximum amount students can borrow for living costs will rise by a net $50 a week,” says Education Minister Chris Hipkins... further adjusted from 1 April 2018 in line with any increase in the CPI. More>>


Foreign Affairs: Patrick Gower Interviews Jacinda Ardern

Prime Minister Jacinda Ardern says discussions have already begun on how to bring climate change refugees into New Zealand under a Pacific seasonal employment plan... More>>


Gordon Campbell: On The Centre Right’s Love Of ‘Nanny State’

You’d almost think it was 2005 again. That was a time when the rugged individualists of the centre-right were being beset by government regulations on the nature of light-bulbs, the size of shower heads, the junk food available at school tuck shops and other such essentials... More>>




Featured InfoPages

Opening the Election