New Zealand is the world’s 35th-largest producer of natural gas and the country’s output decreased by 6% in 2022, over 2021. 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.
Over the five years to 2022, production from New Zealand decreased by a CAGR of 3% and is expected to drop by a CAGR of 12% between 2023 and 2027.
The largest producers of natural gas in New Zealand are Todd, OMV and Greymouth Petroleum. Todd was the largest producer of natural gas in 2022 with output up by 1% on 2021.
OMV was the second-largest producer, with output down by 9%, and Greymouth Petroleum was third with a decrease of 8% 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.
For more detailed analysis of natural gas sector in New Zealand, buy the report here.