Story: Oil and gas

CNG advertising

CNG advertising

CNG (compressed natural gas) was very popular in the early 1980s as an inexpensive alternative to petrol, which was costly due to high oil prices. The government offered low-interest loans for the conversion of motor vehicles to CNG. However, conversions were not cheap (costing on average $3,500 in 2005 dollar terms). As oil prices dropped in the late 1980s, CNG lost its cost advantage.

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Alexander Turnbull Library
Reference: EPH-B-GAS-1985-01-front

Permission of the Alexander Turnbull Library, National Library of New Zealand, Te Puna Mātauranga o Aotearoa, must be obtained before any re-use of this image.

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How to cite this page:

Roger Gregg and Carl Walrond, 'Oil and gas - The Māui gas field', Te Ara - the Encyclopedia of New Zealand, (accessed 29 May 2024)

Story by Roger Gregg and Carl Walrond, published 12 Jun 2006