Importing liquefied natural gas could potentially require one billion dollars in capital investment.
Major energy companies Clarus, Contact Energy, Genesis Energy, Meridian Energy, and Mercury have commissioned two studies looking into the option.
Data out last month shows New Zealand’s domestic gas supply is reducing faster and sooner than previously forecast.
Clarus chief executive Paul Goodeve says it would be expensive.
He told Heather du Plessis-Allan that the most important thing is not what it costs, but the value it brings, and last winter we saw the cost of not having a stable fuel supply.
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The Mike Hosking Breakfast