Special Piping Materials

Energy Sector in New Zealand

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The Energy Sector in New Zealand is an interesting one indeed. New Zealand’s demand for energy is considered to be just a small proportion of the world’s total consumption but of course it is still a critical part of the country’s infrastructure.

While the energy sector in New Zealand isn’t the largest in the world, it is certainly varied. They have the ‘third highest rate of renewable energy as a portion of primary supply in the Organisation for Economic Co-operation and Development’ (OECD), with approximately 40 per cent derived from renewable sources.

Energy in New Zealand

Overview of Energy Sector in New Zealand

New Zealand has plentiful renewable resources with sources such as geothermal, hydroelectricity and wind energy used to supply around 80 percent of its electricity needs. The country’s government has recently announced it is aiming to source 100 percent of the country’s electricity from renewable sources by 2035.

However, oil and natural gas still have a huge part to play in New Zealand’s energy sector and are the biggest contributors to the overall energy supply in the country.

According to Energy Mix, they use around 49 million barrels of crude oil and more than 4 billion cubic metres of natural gas every year.

Consumer energy demand:

 

Energy use per sector:

The future of the energy sector in New Zealand looks set to be focused on renewable energy sources, although it is likely that the oil & gas sector will still be prolific for many years to come.

 

Energy in New Zealand 2020

A report about New Zealand’s energy sector has recently been published by the Markets team of the Ministry of Business, Innovation & Employment (MBIE). Entitled ‘Energy in New Zealand 2020’, it provides annual information on and analysis of New Zealand’s energy sector.

The document provides an extremely useful overview of the energy sector in New Zealand and the following facts, figures and data have been taken from it. The 2020 edition of the Report includes information up to the end of the calendar year 2019. The full effects of the 2020 Covid-19 Pandemic are therefore not included in the figures.

The full report can be found here: https://www.mbie.govt.nz/dmsdocument/11679-energy-in-new-zealand-2020

 

Energy fast facts:

 

Energy Projects in New Zealand:

 

Overview of Oil and Gas sector:

 

Overview of Coal sector:

 

Special Piping Materials thanks the Markets team of the Ministry of Business, Innovation & Employment (MBIE) for the facts and figures published in the ‘Energy in New Zealand 2020’ Report.

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