Process – Gas Security Fund

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.

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 5 members with gas commercial and geological expertise, and an in-depth knowledge of the New Zealand gas market.

Andy Knight (Chair)

Mr Knight is the former chief executive of gas sector regulator, the Gas Industry Co. He is chair of Taranaki Iwi Holdings Management and a director of the Energy Efficiency Conservation Authority (EECA) as well as of related iwi entities and private investments. He was previously a director of Powerco, chief executive officer of New Zealand Oil and Gas and has held executive roles with Vector Limited, the NGC Holdings Limited Group of Companies, The Australian Gas Light Company and Fletcher Challenge Energy.

Tim Allan

Mr Allan is an exploration geoscientist, with more than 30 years’ international experience. His past roles have included Head of Exploration Ventures and Global Chief Scientist for Austrian multinational OMV A.G., with operations in more than 20 countries. His experience covers the full spectrum of oil and gas exploration, appraisal, development, and production operations, in a wide range of land and marine environments.

John Pagani

John Pagani is an energy and sustainability consultant. He has been involved in the energy sector since 2012. He was previously general manager corporate services at New Zealand Oil and Gas and was more recently an advisor to the Gas Industry Company on strategic industry engagement and gas transition. Mr Pagani has worked with boards and management of energy and investment firms in New Zealand and Australia.

Officials continue to assess options for 2 more members to be appointed to the panel in due course.

Read more:

Members of Gas Security Fund panel named — Beehive.govt.nz

If you have questions:

Email kanoa@mbie.govt.nz