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The Environmental Protection Authority (EPA)鈥檚 consent for potential exploratory drilling off the South Island is great news for New Zealand and the pursuit of affordable secure energy, according to the Petroleum Exploration and Production Association of New Zealand (PEPANZ).

鈥淚t makes sense to develop our own energy here in New Zealand rather than import it,鈥� says PEPANZ Chief Executive John Carnegie.

鈥淎 discovery of natural gas or oil would have major economic benefits for New Zealand. The taxes and royalties earned by the Crown would be substantial.聽

鈥淚nvesting here in local infrastructure and well-paid jobs will help secure a more inclusive and prosperous society.

鈥淎ll credible forecasts show the world will still need new reserves of natural gas and oil as we transition to a lower emissions world.

鈥淣atural gas in particular is a crucial transition fuel proving affordable and reliable lower-carbon energy for New Zealand. It helps power 天美直播s, schools, businesses and communities across the country while keeping the lights on and our showers hot.

鈥淣umerous drills have taken place in this basin since the 1970s and the water is not especially deep by New Zealand or world standards. Any drilling is very precise with the latest technology and the best international practice.

鈥淭he EPA is correct when they say any environmental impacts of the drilling will be 鈥渘ot significant鈥�. The application was highly detailed with significant research and science backing it up.鈥�