Oil makes up nearly half of New Zealand’s fuel energy supply. Almost all of this is imported, with New Zealand-sourced oil contributing only 2%. As the giant Māui gas field was nearing exhaustion in the early 2000s, the proportion of gas in the fuel energy supply was steadily decreasing. The country is becoming increasingly dependent on imported fuel, heightening the need to find new sources of domestic oil and gas.
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Te Ara - The Encyclopedia of New Zealand
Source: Ministry for Economic Development
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