New Zealand businesses welcome government loan scheme as gas supply runs ever lower
Businesses in New Zealand have welcomed a government loan scheme to help them move off gas as natural-gas supply runs ever lower. According to RNZ, the scheme aims to support firms shifting to alternative energy sources.
Businesses in New Zealand have welcomed a government loan scheme designed to help them move off gas, as the country's natural-gas supply runs ever lower. According to RNZ, the scheme aims to help firms finance the cost of switching to alternative energy sources.
The decline in domestic gas production has heightened supply-security and cost concerns for industrial and commercial users. Business representatives said the loan support could ease the transition, but added that long-term energy planning also needs to be clarified.
The scheme's impact will depend on its eligibility terms, the size of the loans and how gas supply evolves in the period ahead. This article is for information only and is not investment advice.
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