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Speaker 1: Another blow for regional New Zealand. The country's largest gas user,

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Speaker 1: method X has proposed to scale down its operations for

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Speaker 1: the foreseeable future. So they had two plants that have

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Speaker 1: been shut until the end of October to save gas.

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Speaker 1: Now the company is consulting on only turning one of

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Speaker 1: them back on. That means fewer jobs. John Carnegie's with

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Speaker 1: us is the Energy Resources Alted are John, Good morning,

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Speaker 1: Good morning, Ryan. Now, I know that method X is

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Speaker 1: a member of your organization, so you can't speak too

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Speaker 1: much about specifics. Do you think there's a chance that

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Speaker 1: they could pull out of New Zealand altogether?

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Speaker 2: Oh? Look, well that depends on how much guess we

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Speaker 2: are new guest production we get. So we're certainly hoping

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Speaker 2: hoping not. This is this is devastating, potentially devastating for

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Speaker 2: regional New Zealand and nationally. Actually, Ryan, do.

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Speaker 1: You have any update on the governments because obviously there's

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Speaker 1: a task force going on that's looking at issues, there's

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Speaker 1: a wider review going on. Have you had any meaningful

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Speaker 1: update from the government on plans for those upstream gas producers?

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Speaker 2: Well, yes, the government has made a number of announcements

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Speaker 2: with respect to the or in the gas sector. But

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Speaker 2: actually what we need to see as we want it

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Speaker 2: to move more quickly, they actually make the changes it's promised,

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Speaker 2: because of course we haven't seen a bill in the

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Speaker 2: House yet. Unfortunately, finding our energy system lurching from crisis

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Speaker 2: to crisis seems to be an entirely predictable result of

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Speaker 2: the shop all and guests being in twenty eighteen.

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Speaker 1: Have you had any chats with Labor or have they

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Speaker 1: reached out to you at all as an industry organization

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Speaker 1: to say what exactly is it you need, you know,

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Speaker 1: we want to talk about our policy, our energy policy,

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Speaker 1: anything like that in recent months.

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Speaker 2: I yes, we engage with all political parties and and

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Speaker 2: we've certainly engaged with the Labor Party. But from what

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Speaker 2: I can ascertain, their policy position, their current policy position

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Speaker 2: is going to be dis same as the ones that

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Speaker 2: took into the election last year.

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Speaker 1: And what does that mean for confidence and investing?

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Speaker 2: I mean, what it does Ryan is it is it

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Speaker 2: leaves a massive hole in the confidence of investors. In fact,

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Speaker 2: right across the spectrum of fossil fuel use, So it's

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Speaker 2: not just production, but it's also if you have plans

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Speaker 2: for a guest fired power station or in fact, there

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Speaker 2: are some discussions recently going on around L and G.

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Speaker 2: The result of the Labor Party continuing to say it

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Speaker 2: will maintain or re establish the oil and guest band

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Speaker 2: being I see even musing about whether or not onslow

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Speaker 2: to pump hydro scheme will be back on the table.

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Speaker 2: It just creates a massive, massive sovereign risk and dampens

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Speaker 2: the desire of those who might be interested in making

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Speaker 2: those investments.

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Speaker 1: John, thank you very much for joining us this one, John,

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Speaker 1: I really appreciate it, especially so early. John Carnegie the

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Speaker 1: Energy Resources out Heed A METHODIX is a member of

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Speaker 1: that organization. I do also want to say that we

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Speaker 1: did ask the leader and the energy spokesperson for Labor

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Speaker 1: to come on, weren't available at this hour. We also

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Speaker 1: asked the gas producers, the upstream gas producers Todd and Omb.

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Speaker 1: We also asked Methnix to come on as well. They're

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Speaker 1: not talking at the moment while they consult on this proposal.

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Speaker 2: For more from News Talk sed B. Listen live on

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