An established New Zealand oil and gas company is taking the Government to court over its decision to ban new offshore exploration permits.
The issue gained strong media coverage yesterday when Greymouth Gas Turangi Ltd was angered over being denied an exploration permit it applied for last year.
The website interest.co.nz said Greymouth Gas said in a statement it has filed documents in the High Court claiming the Prime Minister’s April 12 announcement had halted issue of new offshore oil and gas permits and that this was “unlawful.”
The Greymouth Petroleum group indicated in the statement seen by NZResources that it had not been possible to get resolution on this matter with Energy Minister Dr Megan Woods or with her officials.
Greymouth chairman Mark Dunphy said: “The Prime Minister’s statement may represent the preferred policy position but this statement did not comply with the process required by our law and this will be clarified by the High Court.
“The policy change is abrupt, counter-productive, comes too soon and will add to current gas shortages and further increase gas and petroleum prices.”
He said the Government on Monday introduced the Crown Minerals (Petroleum) Amendment Bill to Parliament, which if passed will give effect to the ban.
Dunphy said the Bill includes a provision for Greymouth’s case, saying it will be heard in accordance with the current Crown Minerals Act.
Sources: interest.co.nz; nzresources.com
Companies mentioned in article