Process – Gas Security Fund
The process you can expect when you submit an expression of interest (EOI) for support from the Gas Security Fund.
Process stages
1. Submit an expression of interest
If your EOI aligns with the Gas Security Fund's objectives, we will let you know next steps and if we require further information.
2. Evaluation
From the information you provide, we will assess your proposal’s fit with the Gas Security Fund's priorities and objectives, the timeframes, costs and risks involved in delivering the stated benefits and other considerations such as return on investment. Projects will then be forwarded to the expert Gas Advisory Panel to consider.
3. Advice
MBIE and the Gas Advisory Panel will provide advice to the Minister for Resources and the Associate Minister of Finance.
4. Decisions
The Minister for Resources and the Associate Minister of Finance will jointly decide which projects will receive support from the Gas Security Fund.
5. Contracting
If approved, we will work with you to negotiate a contract with us that outlines the funding terms and conditions.
6. Project delivery
You will deliver the project and financial terms and conditions as agreed, and report regularly to us on progress and outcomes.
Note
- Depending on the complexity of your project, the information provided, and analysis required to inform investment decisions, this is likely to take several months. MBIE will remain in contact with applicants throughout this process.
- A proposal is not guaranteed to receive funding, even if it contributes to one or more of our priorities.
Governance of the Gas Security Fund
The Gas Security Fund is managed by MBIE through Kānoa – Regional Economic Development & Investment Unit.
The Minister for Resources and the Associate Minister of Finance will jointly approve investment decisions.
The Ministers will be advised by an expert Gas Advisory Panel of up to five members with gas commercial and geological expertise, and an in-depth knowledge of the New Zealand gas market.
The Gas Advisory Panel members are in the process of being appointed, and their names will be published here when confirmed, along with the panel’s terms of reference.
More help
If you have questions: