New Zealand is the world’s 35th-largest producer of natural gas and the country’s output increased by 2% in 2023, over 2022. The country accounts for 0.08% of global production, with the world’s other largest producers being the US, Russia and Iran. GlobalData uses proprietary data and analytics to provide a complete picture of the natural gas sector in New Zealand in its report, Oceania Oil and Gas Upstream Development Trends and Forecast by Project Type, Countries, Terrain and Companies, 2022-2026. Buy the report here.
Smarter leaders trust GlobalData
Over the five years to 2023, production from New Zealand decreased by a CAGR of 4% and is expected to drop by a CAGR of 10% between 2024 and 2028.
The largest producers of natural gas in New Zealand are OMV, Todd and Greymouth Petroleum. OMV was the largest producer of natural gas in 2023 with output up by 14% on 2022.
Todd was the second-largest producer, with output down by 4%, and Greymouth Petroleum was third with an increase of 12% on the previous year.
There are 11 natural gas producing fields in New Zealand of which three are located offshore and the rest onshore. The Taranaki has the majority of the natural gas fields in the country with 11.
Role of natural gas in the energy transition
Natural gas plays a pivotal role in the global energy transition, serving as a transition fuel towards decarbonisation. As countries navigate the shift from fossil fuels to renewable energy sources, natural gas provides a lower-carbon alternative, aiding in reducing emissions and delivering reliable energy given the fluctuating availability of wind and solar power. Its versatility and abundance make it a key component in the evolving energy mix.
For more detailed analysis of natural gas sector in New Zealand, buy the report here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
