No change to government’s LNG plans after global price spike

Source: Radio New Zealand

RNZ / Mark Papalii

The government is brushing off accusations of naivety from the opposition over plans to pursue a liquefied natural gas (LNG) terminal as prices spike worldwide.

The Strait of Hormuz, a key shipping route connecting the Persian Gulf with open ocean, has effectively closed, after Iran said it would attack any ship trying to pass through.

QatarEnergy has suspended production of LNG, prompting prices to rise by around 50 percent in Europe, and nearly 40 percent in Asia.

Qatar supplies 20 percent of the world’s LNG.

The New Zealand government is proceeding with plans to build a billion dollar LNG import facility in Taranaki, as a back-up to address dry year risk.

The Frontier Report, commissioned by the government last year to look at the electricity market performance, said it would make “no economic sense” to develop a LNG terminal just to meet dry year risk.

The report said it should be considered as a last resort, “recognising that doing so exposes New Zealand to the global price of gas, which would have implications for the competitiveness of industry with high gas demand”.

Labour’s energy spokesperson Megan Woods said the global spike in LNG prices was the concern Labour had been warning the government about all along.

“It exposes New Zealand to this volatility around pricing around the world. We’ve got domestic, made-at-home solutions, where we use the resources we have here in New Zealand that really could give us this independence,” she said.

“What they’re doing is exposing New Zealanders to potentially very high energy bills, whether that’s for households or for businesses.”

She said it was “naive” to rely on LNG.

“New Zealanders are being put at risk, New Zealand households and businesses, from high energy prices if we rely on this form of energy, which has such volatile price spikes that we’re seeing today.”

Megan Woods says it’s naive to rely on LNG. RNZ / Samuel Rillstone

Woods would not go into questions over whether Labour would rip up a contract if it was signed before the election.

Labour leader Chris Hipkins has previously said if Labour entered government before a deal was done it would not go through with it.

Green Party co-leader Chlöe Swarbrick also said the party’s “fears and concerns” were being realised.

“What the government has exposed New Zealanders to by committing the better part of a billion dollars to this project is vulnerability to international supply chain shocks, which is exactly what we are currently seeing playing out as a result of what’s occurring with America’s aggression in the Middle East,” she said.

The energy minister Simon Watts said the government had taken steps to look at increasing security of supply, particularly around fuel sources that were based in New Zealand.

“The impact of volatility in international markets will play through. But in the context of where we are here in New Zealand, we have appropriate stores in place to deal with aspects of volatility.”

Asked later about Woods’ comments around naivety, Watts said future energy prices in 2027, 2028, and 2029 were all down following the government’s announcement.

“I think the announcement that we’ve made in regards to building an LNG capability to import fuel that we don’t have is the complete opposite of naivety. We don’t have LNG fuel sources in a dry year, and that’s why power prices have been spiking, and that’s what we’re looking to alleviate,” he said.

“Our major problem is we don’t have enough gas in the country to make electricity in a dry year. We solve that through importation, and we’re going to look to increase rooftop solar and battery across the board, because that’s positive as well. We want both.”

Oil prices have also risen, which the Finance Minister said the Treasury and Reserve Bank were monitoring closely.

Nicola Willis said while oil prices had risen, it was at a “far smaller level” than when Russia invaded Ukraine.

“New Zealand has very good fuel supplies. We regulated last year to ensure we have 28 days of fuel already in the country, which of course was purchased at prices a month ago, so we wouldn’t expect to see immediate impact at the pump,” Nicola Willis said.

Willis defended the LNG plans, as “ensuring that we can generate electricity when the lakes are low and the sun isn’t shining” was critical for affordability and security.

“I’m actually living in the real world,” she said.

Sign up for Ngā Pitopito Kōrero, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.

– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

Squirrel to stop personal loans

Source: Radio New Zealand

Mortgage advice and finance firm Squirrel is to stop offering personal loans.

It has stopped accepting new loan appliations and from Monday would not invest in the personal loan investment class.

It said its portfolio would run down naturally as borrowers repaid their loans.

Chief executive David Cunningham said Squirrel started its peer-to-peer lending journey with personal loans.

But over time, almost all of the business had become secured residential mortgages.

“The personal loans portfolio is tiny – $4 million – versus other lending approaching $450 million. Fractionalisation of mortgages via peer-to-peer remains at the core.”

Sign up for Ngā Pitopito Kōrero, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.

– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

NZ Warriors without captain Mitch Barnett for NRL season-opener against Sydney Roosters

Source: Radio New Zealand

Mitchell Barnett in possession. South Sydney Rabbitohs v One NZ Warriors. David Neilson/Photosport

NRL: NZ Warriors v Sydney Roosters

Kickoff: 8pm Friday, 6 March

Go Media Stadium, Auckland

Live blog updates on RNZ website

NZ Warriors co-captain Mitch Barnett has missed the cut for his team’s NRL season-opener against Sydney Roosters at Go Media Stadium on Friday.

Englishman Morgan Gannon is poised for a debut in the Aussie rugby league competition on the extended interchange, while second-rower Marata Niukore is another absence in coach Andrew Webster’s first line-up of the regular season.

Co-captain Barnett was sidelined much of last season with a ruptured anterior cruciate ligament in his knee and has not passed fit for round one, with his starting front-row spot filled by Jackson Ford.

Last week, he told those gathered at the team’s official season launch that he faced four days of intensive testing in Sydney to determine his readiness and hoped to return in the early rounds.

After missing both pre-season trials with a calf niggle, Chanel Harris-Tavita will line up outside Tanah Boyd in the halves, but Niukore hasn’t been able to shrug off the same injury.

Winger Roger Tuivasa-Sheck also sat the pre-season with a hamstring tweak, but returns for the opener.

Under new NRL rules, Webster has named six on the interchange bench, featuring specialist hooker Sam Healey, outside back Taine Tuaupiki and four forwards.

Warriors: 1. Charnze Nicoll-Klokstad, 2. Dallin Watene-Zelezniak, 3. Ali Leiataua, 4. Adam Pompey, 5. Roger Tuivasa-Sheck, 6. Chanel Harris-Tavita, 7. Tanah Boyd, 8. James Fisher-Harris, 9. Wayde Egan, 10. Jackson Ford, 11. Kurt Capewell, 12. Jacob Laban, 13. Erin Clark

Interchange: 14. Sam Healey, 15. Demitric Vaimauga, 16. Leka Halasima, 17. Tanner Stowers-Smith, 18. Taine Tuaupiki, 20. Morgan Gannon

Reserves: 21. Alofiana Khan-Pereira, 22. Luke Hanson, 23. Eddie Ieremia-Toeava

Meanwhile, after serving the first 15 years of his career with Manly Sea Eagles, veteran half Daly Cherry-Evans will make his Roosters debut against the Warriors, lining up outside Sam Walker.

“We saw a piece of it in the trial and I think he’ll give them a lot of experience and balance,” Webster said. “A lot of things go through Sammy Walker and [fullback James] Tedesco, so he will balance the field up and can be very dominant like we know he can be.

“A bit like us, I’m sure they’re not going to be perfect round one, but they will be experienced enough through those three to come with plenty of options. They’re a dangerous spine and Cherry’s going to add a lot.”

Last time the Warriors faced Cherry-Evans, he slotted a late field goal for a 27-26 victory in his Manly farewell. At 37, he is the oldest player in the competition.

With off-season recruit Reece Robson nursing a broken thumb, young Auckland-born Benaiah Ioelu will line up at hooker, alongside NZ Kiwis prop Naufahu Whyte.

Roosters: 1. James Tedesco, 2. Daniel Tupou, 3. Billy Smith, 4. Robert Toia, 5. Mark Nawaqanitawase, 6. Daly Cherry-Evans, 7. Sam Walker, 8. Naufahu Whyte, 9. Benaiah Ioelu, 10. Lindsay Collins, 11. Angus Crichton, 12, Nat Butcher, 13. Blake Steep

Interchange: 14. Conor Watson, 15. Siua Wong, 16. Egan Butcher, 17. Spencer Leniu, 18. Cody Ramsey, 19. Fetalaiga Pauga

Reserves: 20. Salesi Foketi, 21. Tommy Talau, 22. Toby Rodwell

Sign up for Ngā Pitopito Kōrero, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.

– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

New Zealander in Abu Dhabi: ‘It’s a little bit hairy, but so far, so good’

Source: Radio New Zealand

A plume of smoke rises from the Zayed Port following a reported Iranian strike in Abu Dhabi. AFP / RYAN LIM

A New Zealander living very near a military base in the Middle East which is critical to the US says he feels safe enough for the moment – but his family has an overland evacuation plan just in case.

The US State Department today issued a “depart now” warning to Americans living in more than a dozen locations in the Middle East.

A number of Arab states that host strategic American assets have been targeted by Iran in the wake of the US-Israel lead attack against the Islamic republic.

Bahrain, Qatar, Kuwait and Saudi Arabia have all been hit.

Just outside the UAE capital of Abu Dhabi is a military base that hosts US troops that has reportedly been a target of retaliatory strikes.

Jordon Buchanan, his wife and two young children moved to Abu Dhabi about 10 months ago to expand his construction recruitment business, and now find themselves in a conflict zone.

Buchanan told Checkpoint that the family was woken up about 2.30am this morning by some loud shockwaves, but the defence system in the area was very good.

“It’s a little bit hairy, being out of your control. But so far, so good, they seem to be intercepting everything, pretty much.”

He said the blasts started on Saturday, but Monday was fairly quiet.

“We heard one sound in the morning, but then nothing, and people were going about their business. The government has basically said ‘continue on as normal’, the public and private sector have been told to stay at home and work for the next three days.”

He said while it currently felt very safe, there is a contingency plan to drive to Oman – about two hours away – if they need to get out of the region.

“There is a big group of New Zealanders and Australians that live in our local community and we’re just going to go in a big convoy together if things start to get more hairy, but for now, no-one I know has actually left the country or tried to escape.”

Sign up for Ngā Pitopito Kōrero, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.

– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

‘I miss Jock everyday’: Family of man killed while hunting left facing ‘lifetime of hell’

Source: Radio New Zealand

Jock Davis. Facebook

The family of a young man shot and killed by a hunter on Stewart Island last year say the hunter’s failure to identify his target has left them facing a “lifetime of hell”.

Ashburton builder Paul William John Stevens, 39, has avoided jail time and instead been sentenced to five months’ home detention for shooting Jock Davies, 21, last July.

He had earlier pleaded guilty to a charge of careless use of a firearm causing death.

At the Invercargill District Court on Tuesday, Judge Russell Walker ordered Stevens to make $20,000 in reparation payments, split equally between a scholarship in Jock Davies’ name for West Otago students and a New Zealand Deerstalkers Association hunter safety course.

Davies’ mother Sarah Davies told the court she never anticipated her son, who was a cancer survivor, would not return from the week-long much-anticipated hunting trip with his father and brothers.

“I miss Jock every day, I miss the twinkle in his eye, his naughty sense of humour. I miss his laughter, the way he used to light up a room. I miss his resilience, his kindness and I miss him leaving the lights on. Jock was one special human,” she said.

Davies’ oldest brother George Davies told Stevens that he had failed as a firearms licence-holder and the family was facing “lifelong effects” as a result.

He spoke of the trauma of seeing his brother after the shooting.

“The impact of having to carry my dead brother up the hill to rescuers is something I will have to live with forever, it’s something no-one should have to do. It was meant to be a trip of a lifetime which turned into a lifetime of hell,” he said.

Davies’ brother Tom Davies described the eight months since the death as a “living nightmare”.

“I’ve found myself in a dark hole where I didn’t know what was right or wrong anymore. It has been a battle to leave the house some days,” he said.

Paul William John Stevens in court. RNZ / Katie Todd

Jock Davies had been intending to join him in Christchurch at teachers’ college and it left a “huge ache” in his heart and soul to know that would not happen, he said.

“I’m trying my absolute hardest to be there for my family as we navigate a new way of life,” he said.

Davies’ father Peter Davies said his son had touched many lives, with his funeral attended by more than 1000 people.

“As a dad there should have been so many more proud moments, but now there’s only memories,” he said.

Stevens sat quietly, crying, as the victim impact statements were read to the court.

His lawyer Grant Fletcher told the court that Stevens, a father of two, could not possibly regret his actions more.

“He would do anything to make it right but obviously he can’t,” he said.

“He’s offered his most heartfelt, most sincere, most genuine remorse and regret.”

Reading from a summary of facts, Judge Walker said Stevens and Davies were part of the same group of eight people on the week-long trip, hunting in the South Lords River block.

The group split up on the morning of 6 July and Davies was dropped off from a dinghy, while Stevens and another associate went in the opposite direction to hunt.

Stevens told police the terrain was “gnarly and hard-going,” he said.

“You said you were not used to hunting in such thick and challenging bush.”

Stevens heard a shuffling noise 20 metres away and saw a “dark shadowy image”, he said.

“Confident it was a deer and not wanting to miss the opportunity, you chambered a round in your rifle and fired a single telescopically-aimed shot,” he said.

“You aimed for what you believed was the neck area of the deer.”

A rescue helicopter was dispatched at about 11am but when it arrived two hours later Davies was dead, he said.

Judge Walker found Stevens’ actions to show a “medium-to-high level of carelessness”.

Stevens “would and should have been well aware of the dangers of hunting” but did not attempt to sight the deer with his own eyes, he said.

“The terrain was challenging for you to the extent that you discussed turning back. You were clearly aware that others would have been in the area,” he said.

He found Stevens’ remorse to be genuine and said Davies’ death would have a life-long impact.

“I accept the mental health impact that this has had and will continue to have upon you. It is rightly described as profound,” he said.

From a starting point of 18 months’ imprisonment, Walker deducted eight months for mitigating factors and converted the resulting 10 months’ imprisonment into five months’ home detention.

He also ordered the forfeiture of Stevens’ rifle and ammunition.

Sign up for Ngā Pitopito Kōrero, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.

– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

All Black Sevens coach left off plane to North America

Source: Radio New Zealand

Tomasi Cama the New Zealand All Black Sevens. PHOTOSPORT

The All Black Sevens side will head to the New York and Vancouver legs of the World Sevens Series without head coach Tomasi Cama.

New Zealand Rugby confirmed on Tuesday that Cama will not fly out with the team who depart today due to visa issues.

“The team were advised his visa application could not be processed in time to travel with the team, who fly out of New Zealand today.”

Cama was appointed head coach of the All Black Sevens in August 2023 after a storied career on the field.

He played 128 tournaments for New Zealand, winning the World Rugby Sevens Player of the Year Award in 2012.

NZR said assistant coach Willie Rickards will take on the head coach duties for the two tournaments with Scott Curry as his assistant.

The Vancouver tournament runs from 7-8 March followed by New York from 14-15 March.

Sign up for Ngā Pitopito Kōrero, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.

– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

NZ has ‘healthy stock levels’ of fuel – MBIE

Source: Radio New Zealand

Government officials and major fuel retailer Z Energy are moving to ease any concerns about the country’s fuel reserves.

The US and Israel-led air campaign in Iran has seen the country fire missiles and drones at its Middle East neighbours and threaten to close the strategic Strait of Hormuz, through which about 20 million barrels – a fifth of the world’s traded oil – moves each day.

Iranian strikes have also prompted Qatar – one of the world’s largest gas exporters – to halt production at key facilities, sending European natural gas prices surging by 50 percent in a single night.

The Ministry of Business, Innovation and Employment (MBIE) and fuel company Z Energy, said New Zealand had sufficient fuel reserves to withstand any disruption to global supplies.

MBIE said as a member of the International Energy Agency (IEA), New Zealand must hold at least 90 days of oil stocks.

The total was met through a combination of onshore stockholdings held by fuel importers and “oil tickets” – agreements with the governments of the United States, United Kingdom and Japan that allowed oil held overseas to count towards New Zealand’s IEA commitment.

MBIE said the Minimum Stockholding Obligation (MSO) – which came into force on 1 January 2025 – also required fuel importers to hold 21 days of diesel, 24 days of jet fuel and 28 days of petrol within New Zealand, including shipments already in transit within the country’s Exclusive Economic Zone.

“Our data shows that fuel importers routinely hold more than what’s required – and while these figures are commercially sensitive, we can say that we have healthy stock levels and that importers have further ships planned and on their way to New Zealand,” an MBIE spokesperson said.

Diesel holdings would have to rise to 28 days by 2028.

Together, the MSO and overseas “ticket” contracts gave New Zealand more than 90 days of effective cover, meeting its full IEA obligations.

Importers were required to report stock levels regularly to MBIE to ensure sufficient reserves are available at short notice.

Z Energy said it was closely monitoring the rapidly evolving situation in the Middle East, but there was no impact on its ability to source fuel.

“Customers can continue to fill up as normal at any Z station across the country,” a spokesperson said.

The company said it would continue to monitor developments and provide updates as needed.

Sign up for Ngā Pitopito Kōrero, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.

– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

New Zealand Rugby League chief executive Greg Peters steps down

Source: Radio New Zealand

Greg Peters said it has been an honour and privilege to lead NZRL. PHOTOSPORT

New Zealand Rugby League (NZRL) chief executive Greg Peters is stepping down after eight years at the helm.

Since his appointment in 2018, Peters has overseen a 30 percent increase in revenue, doubled player numbers from 22,000 to 45,000 and helped re-establish regular test matches for both the Kiwis and Kiwi Ferns in New Zealand.

Peters said it has been an honour and privilege to lead NZRL.

“I’m incredibly proud of what my small and very committed team has achieved over the past few years. And I am in awe of, and want to pay tribute to, the thousands of people who toil at the grassroots of the game and drive the growth and development week in week out with very scarce resources,” he said.

NZ Rugby League will always have a big place in my heart and I look forward to watching the game reach new heights in future years.”

NZRL chairperosn Justin Leydesdorff said Peters was instrumental in establishing the Pacific Championship competition as well as constitutional changes which saw Aotearoa New Zealand Māori Rugby League becoming a voting member of NZRL, with a permanent board seat.

“On behalf of the board and our members, I want to acknowledge and thank Greg for his outstanding contribution to the game.

“We have been extremely fortunate to have had one of the country’s top sports administrators lead the sport over eight years. Greg successfully combined his love for the grassroots game with the commercial complexities of running an NSO and leaves the code significantly better off than when he took over.”

Sign up for Ngā Pitopito Kōrero, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.

– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

Deep-sea whale strands on central Auckland beach

Source: Radio New Zealand

Project Jonah marine mammal medics and Department of Conservation staff respond to a Beaked whale stranded in St Heliers. Supplied / Project Jonah

A whale has stranded on St Heliers Beach in Auckland.

Project Jonah, alongside the Department of Conservation, responded after a Shepherd’s beaked whale was spotted late this morning.

Spokesperson Louisa Hawkes said Shepherd’s beaked whales lived in the deep sea, and only came up to shore if something was wrong.

Massey University’s Cetacean Ecology Research Group had done an initial assessment of the whale, but needed to assess it further.

Hawkes said volunteers had put the whale on an inflatable set of pontoons in order to take it back out to deep water, rather than waiting for the tide to come in.

Stranded, injured or dead whales should be reported to the DOC emergency hotline 0800 DOC HOT (0800 362 468).

Sign up for Ngā Pitopito Kōrero, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.

– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

Enough fertiliser to cover autumn, Ravensdown says

Source: Radio New Zealand

Fertiliser prices will rise due to the conflict but by how much and for how long is not known. 123rf

Ravensdown says it has enough fertiliser in the country or on the way to cover autumn – so any price impacts due to the war in the Middle East won’t be felt immediately.

The Middle East is a significant player in fertiliser trade with about 40 percent of nitrogen fertilisers coming from the region.

It’s also a major producer of liquid natural gas which is used to manufacture fertilisers.

Ravensdown chief operating officer Mike Whitty said fertiliser prices will rise due to the conflict but by how much and for how long is not known.

“We saw last year in June when there was conflict with Israel, the US and Iran that prices for energy and nitrogen increased reasonably rapidly, by about 15 percent, but then they came down just as fast about two weeks later – so it really depends how long this conflict is going to continue for really.

“We are expecting a significant spike in prices, we are watching the price daily and everyone is waiting to see what happens in the straight because a lot of the worlds fertiliser trade travels through there.”

Whitty said farmers shouldn’t panic.

“The important thing is we have enough fertiliser in the country or on the water coming here to cover all our autumn needs, so it won’t be an issue until later in the year but that’s only if the conflict continues.”

Another complicating factor in fertiliser trade at the moment is China another major producer of nitrogen is not exporting – every now and then it stops sending product offshore in order to protect domestic supply.

Whitty said Ravensdown is well versed in dealing with geo-politics and has solid relationships with suppliers.

He said there are other options to source nitrogen fertiliser if the Middle East war is prolonged – including Malaysia, Brunei, Indonesia and some countries in Africa.

Sign up for Ngā Pitopito Kōrero, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.

– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand