The Gas Act 1992 was amended in 2021 to allow the Minister of Energy and Resources to recommend regulations for the disclosure of information that may have significant downstream impact or may contribute to the risk of critical contingency events.

Following consideration of a recommendation from Gas Industry Company Limited that I received on 18 February 2022, and in accordance with section 43ZP of the Gas Act 1992 (“Act”), I give notice that I have accepted the recommendation to introduce new gas governance rules for the disclosure of gas production and storage facility outage information.

I have accepted the industry body’s recommendation as it will contribute to:

• greater efficiency in the gas market. The timely availability of quality gas production and storage outage information will enable users to make more effective business decisions; and
• better security of supply outcomes in the gas and associated electricity markets through better production and transmission co-ordination.

Issued at Wellington this 17th day of May 2022.

Hon Dr MEGAN WOODS, Minister of Energy and Resources.