New Zealand : 2006 Review.
A small, geographically isolated country, New Zealand faces some serious energy sector challenges, requiring special attention to security of supply issues, both in oil and gas domains. Natural gas production from the major Maui field is rapidly declining. New domestic resources must be found or an import capability developed and imports secured if gas is to remain a significant part of the countrys energy mix. At the same time, New Zealands greenhouse gas emissions are rising: the most recent estimates put them at 21% above their Kyoto target over the first commitment period. Thankfully, th. Read more...