Expressions of interest for the $200 million Gas Security Fund will open on 12 January 2026, with the Government inviting proposals that can speed gas to market or enable it to be stored for periods of peak demand.

Resources Minister Shane Jones said natural gas remains a critical part of the energy system during the transition to more renewable generation, particularly for industries needing consistent, high-temperature energy. He linked the fund to concerns about declining production pushing up costs for businesses and households.

An advisory panel is being set up to provide technical and commercial advice to the decision‑making ministers — Mr Jones and Associate Finance Minister Chris Bishop. Panel members will be named in due course.

The fund’s scope, broadened last month beyond new exploration, now includes investments tied to existing fields and gas storage options. It will be administered by MBIE’s Kānoa – Regional Economic Development & Investment Unit.

Jones encouraged early submissions once the fund opens. More information will be available on the Grow Regions website. The release did not specify project caps, decision timelines or detailed assessment criteria; those are expected to sit with Kānoa and the advisory panel process.

“We are moving at pace to restore confidence in New Zealand’s gas sector and support businesses that rely on it for their ongoing industrial needs,” Jones said.