Market Closed

12 May 2026 23:54:57

Luxon calls OECD warning on government's LNG plans 'load of rubbish'

Posted: 12 May 2026

Prime Minister Christopher Luxon has dismissed the OECD's warnings about the government's LNG plans as "a load of rubbish" and says he remains "very interested" in setting up an import facility.

In its annual economic survey of New Zealand published last week, the Organisation for Economic Co-operation and Development (OECD) said the LNG proposal risked locking in fossil dependence and instead recommended investment in non-gas generation like biomass or pumped hydro.

Read more on RNZ News.