Genesis Energy is to resume importing coal, as reduced gas supplies and increased demand add to the problems of keeping the lights on in future years. Energy Minister Simeon Brown and Resources Minister Shane Jones said it had been told that some large gas consumers were concerned about being able to secure gas contracts. Less gas will also mean more coal will be needed to keep the lights on." "The fact that we've had disruptiveness in the gas industry means we're now relying more on coal. Other than that, the market is going to continue, and I think Genesis should be on the honours list."

Source: Stuff May 08, 2024 11:18 UTC