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Speaker 1: It turns out we haven't reached peak petrol channel infrastructure

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Speaker 1: formerly refine New Zealand. Of course, now forecasting twenty thirty

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Speaker 1: as opposed to next year is a likely peak point.

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Speaker 1: They're also looking at what they're calling an energy precinct

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Speaker 1: at Marsden Point. The Boss, Rob you Cannon back with us. Rob,

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Speaker 1: morning to.

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Speaker 2: You, Good morning Mike.

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Speaker 1: The peak forecasting, how much of that's just throw a

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Speaker 1: data to board versus science.

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Speaker 2: Well, we're a long term infrastructure company, so one of

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Speaker 2: the things that we need to do is continually produce

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Speaker 2: long term outlocks for fuel use in New Zealand. So

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Speaker 2: to ground ourselves, we have about forty New Zealand's transport

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Speaker 2: fuels come through our terminal system, and about eighty percent

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Speaker 2: of New Zealand's jet fuel. The outlook that you're referring

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Speaker 2: to is a twenty five year outlook. So the one

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Speaker 2: thing we know is that in twenty five years it'll

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Speaker 2: be wrong. But it's about as good as we can

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Speaker 2: get in terms of making those assumptions and outlocks today.

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Speaker 1: I take it is all to do. The reason it's

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Speaker 1: peak twenty thirty is because the economy slowed down. We

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Speaker 1: don't buy as much and we're not buying as many

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Speaker 1: evs because we're carried away and in reality didn't turn

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Speaker 1: out to be what we thought it would be.

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Speaker 2: Yes, the color drivers there. So one is we've got

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Speaker 2: an expectation of continuing growth. Is we see that recovery

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Speaker 2: of local travel post COVID. But I think what you're

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Speaker 2: referring to there around EV's is right. So the government

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Speaker 2: removed the clean car discount. We also saw post COVID

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Speaker 2: a permanent reduction in vehicle vehicle columbers traveled, the video

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Speaker 2: conferencing and those types of things. But I think we've

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Speaker 2: also seen a pretty dramatic reduction in the registration of

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Speaker 2: evs now that they compete like for like with internal

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Speaker 2: combustion engines.

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Speaker 1: Right, I read to report this week. You can help

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Speaker 1: me out because I didn't understand it. The biggest influx

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Speaker 1: of LNG suppliers coming this is globally. It will transform

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Speaker 1: the global market, bringing about wider implications and previous expansions.

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Speaker 1: Do you see that as being true as that happening.

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Speaker 2: Well, New Zealand doesn't have an LG import terminal at

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Speaker 2: no point.

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Speaker 1: Was excited a couple of months ago, though didn't we well.

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Speaker 2: I think that was off the back of a pretty

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Speaker 2: challenging period. The electricity sector went through a shortage of gas,

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Speaker 2: therefore shortage of electricity, therefore very high electricity prices. So

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Speaker 2: there's certainly been some discussions about an ing import terminal.

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Speaker 2: I think the challenges is that very expensive to build,

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Speaker 2: own and operate, so we need to need to make

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Speaker 2: sure we look at all options and ser energy security.

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Speaker 1: Good insight. Rob, have a good week and I appreciate

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Speaker 1: it very much.

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Speaker 2: Rob.

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Speaker 1: You can and channel infrastructure CEO. Yees. So they're going

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Speaker 1: to the expansion. This is LNG is likely to lead

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Speaker 1: to a state of over supply by the end of

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Speaker 1: twenty six, which will remain until twenty thirty, prices possibly

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Speaker 1: moving below double digits. Interesting thing about that is, of

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Speaker 1: course the government will wetting their pants with excitement over

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Speaker 1: the importation of LNG. You remember all of that, Then

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Speaker 1: suddenly crickets chirping, and yet next winter, next winter, they've

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Speaker 1: already said we're in trouble. So what's happening, Hey, what's happening?

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