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Speaker 1: Now on the gas. It's being predicted that gas prices

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Speaker 1: are now so high that commercial users will have to

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Speaker 1: give it up altogether. Customers with contracts expiring are either

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Speaker 1: not being offered new contracts at all or are having

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Speaker 1: to pay a lot more for their gas. Shane Jones

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Speaker 1: is the Associate Energy Minister. Hey, Shane Hi Greening's folks,

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Speaker 1: what a commercial use is going to do?

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Speaker 2: Well? This whole area needs a major circuit breaker, obviously,

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Speaker 2: because sadly, since twenty eighteen and nineteen, when the curtain

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Speaker 2: came down on the industry, people stopped drilling. People lost

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Speaker 2: confidence that there would be no future with this fossil

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Speaker 2: fuel in New Zealand, which is why I'm reversing the

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Speaker 2: ban and exploring other interventions to gas.

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Speaker 1: Year and a half, have you made any headway?

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Speaker 2: The difficulty is convincing foreigners and convincing the existing industry

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Speaker 2: that at a future government will not smash smash it

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Speaker 2: to bits. Look, the reality is we don't have gas.

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Speaker 2: We're going to have coal. Okay, the other on a

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Speaker 2: mountain of coal at Huntley or we know.

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Speaker 1: We've been traversing these arguments for ages. What happens now?

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Speaker 1: What happens to a commercial gas Let's say a commercial

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Speaker 1: gas user has a contract that expires at the end

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Speaker 1: of this month. What do they do.

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Speaker 2: Well this household gas And obviously, despite the best efforts

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Speaker 2: of the Climate Change Commission in there and views that

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Speaker 2: people that are at a household level have to move

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Speaker 2: away from gas, the reality is we are not creating

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Speaker 2: and producing enough gas from methodex well methods have already

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Speaker 2: closed down a number of their gas lines. The commercial available.

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Speaker 1: Commercial gas users simply have to move to electricity or

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Speaker 1: something else.

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Speaker 2: Right, Well, if you just back to what was the

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Speaker 2: thinking behind Megan Woods and to Cinder, that is what

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Speaker 2: they want. They wanted to close the gas industry. It's

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Speaker 2: going to take a bit longer before we can get

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Speaker 2: more gas out of the ground because it's going to

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Speaker 2: cost hundreds of millions of dollars.

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Speaker 1: All right, Shane, By the way, what changes do you

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Speaker 1: want to see to Act Regulatory Regulatory Standards Bill.

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Speaker 2: We're going to trust in the quality of the Select

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Speaker 2: committee proceedings. When select committees work well, there are a

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Speaker 2: source of great insight and clarity, and that particular bill

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Speaker 2: will no doubt go through a refining process at the

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Speaker 2: Select Committee and when it comes back will make a

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Speaker 2: call as to the quality of the work that was

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Speaker 2: carried out by the selectivity.

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Speaker 1: Okay, thank you, Shane, appreciate it. Shane Jones, Associate Energy Minister.

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