In a bid to bolster energy security, New Zealand intends to pass legislation by the end of 2024 to reverse a ban on offshore oil and gas exploration that has been in place since 2018, the government said on Monday. The cabinet has committed to act with urgency to reverse the ban and remove regulatory barriers to the construction of critically needed facilities to import Liquefied Natural Gas (LNG) as a stopgap. New Zealand also plans to ease restrictions on electricity lines companies owning generation and improve electricity market regulation,…
