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Gas reserves decline to lowest level on record

Annual petroleum reserves data released today by the Ministry of Business, Innovation and Employment (MBIE) shows as of 1 January 2026 New Zealand’s natural gas proven plus probable (2P) reserves declined 23% from last year to 731 petajoules (PJ), the lowest level since recording began 20 years ago, says Amapola Generosa, Domains Manager, MBIE.

Catalyst: Strategic – MethaneSAT Atmospheric Science Programme

MBIE is investing up to $5.9 million in an ambitious, internationally connected research programme to measure and map agricultural methane emissions using remote sensing technologies. The programme focuses on New Zealand and selected sites around the world.