John Carnegie: Energy Resources Aotearoa CEO on $200 million contingency fund for new gas fields

An oil and gas lobby group is celebrating the Government's 200 million dollars for gas fields.

Resource Minister Shane Jones announced the money would be used to co-invest with developers to start new fields.

Energy Resource Aotearoa Chief Executive John Caregie told Mike Hosking it's a positive signal to the sector.

He says it will tilt the economic signals from negative to neutral.

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