John Carnegie: Energy Resources Aotearoa CEO on the Government's proposed LNG import facility

A promise of certainty and hopes of cheaper power prices with a facility to import liquefied natural gas.  The Government’s confirmed it will build a liquefied natural gas import facility in Taranaki, with a contract expected by mid-year.  It says the project will save the country about $265 million annually – roughly $50 per household.  Energy Resources Aotearoa CEO John Carnegie told Ryan Bridge it’s a necessary dry year insurance policy, as the country faces a massive fuel shortage.  He says there will be a large upfront cost, but officials say the investment will effectively take the heat out of the electricity market and lower peak prices.   LISTEN ABOVE See omnystudio.com/listener for privacy information.