The $200 million Gas Security Fund will open for expressions of interest on 12 January 2026. This aims to boost natural gas availability across New Zealand.
“We are looking for proposals that will accelerate or increase the volume of gas to market as quickly as possible, or which will enable gas to be stored so it is available when most needed for industry and homes,” Resources Minister Shane Jones said.
“Natural gas remains critical in our energy system while we transition to more renewable energy sources,” he said. “Until then, it’s needed to get us through periods of high demand and for industries that require consistent, high-temperature energy.”
“Declining gas production is pushing up costs for businesses and households and constraining economic growth. This fund will support activities that secure supply now and into the future, delivering short to long-term benefits.”
Jones said a gas advisory panel is being set up to provide deep commercial and technical expertise, guiding decisions amid New Zealand’s complex gas exploration and market challenges.
The panel will deliver expert technical advice to the decision-making ministers, Resources Minister Shane Jones and Associate Finance Minister Chris Bishop.
The Gas Security Fund is managed by the Ministry of Business, Innovation and Employment’s Kānoa – Regional Economic Development & Investment Unit.
“Once the fund opens on 12 January, we encourage expressions of interest to be submitted as soon as possible,” Jones said.
“More information can be found on the Grow Regions website, and interested parties can also speak to Kānoa officials.”