Business Central April 2021

14 | Taranaki - Todd Energy REGIONAL DEVELOPMENT Energy industry a major player in region Richard Loader Talk to us today, the feature profile experts Phone: 03 983 5500 PROFILE YOUR PROJECT... S ince New Zealand’s first oil discovery in the 1860’s and the first major commer- cial oil and gas find at Kapuni in 1959, Taranaki has played a pivotal role supporting the energy needs of the nation. The giant gas field, Māui, located offshore Taranaki, although now in its twilight, was one of the largest offshore gas fields in the world at the time. Significant discoveries, all based in Taranaki, and their subsequent development, have led to numerous fields coming on-stream, such as Tui, Maari, Mangahewa, Cheal, Kupe and Pohokura. This has led to the development of energy infrastructure, processing facilities, an exten- sive supply chain and range of commercial activities which has benefitted the Taranaki economy and the country. “The energy industry contributes over 7000 jobs, and underpins the nation’s energy sup- ply and security,” says Justine Gilliland, Chief Executive of Venture Taranaki. A Council Controlled Organisation, Venture Taranaki is focused on growing and support- ing resilient enterprises and sectors, and attracting talent, investment and visitors to the region. Natural gas from Taranaki’s fields accounts for around 20% of New Zealand’s primary en- ergy supply and is a significantly lower-emis- sions option than coal. It provides instant heat, energy and hot water supply for over 245,000 New Zealand households as well as more than 10,000 commercial users such as restaurants, hotels, greenhouses, manufacturing plants, and hospitals. to page 17 Taranaki is a key player in energy generation and distribution in New Zealand.