Pacific · NZL
New Zealand
Hydro and geothermal, a declining Maui gas field, oil still on the road.
Oil production
0.0 mb/d
0.2 mb/d demand
Net oil
-0.1 mb/d
Near balance
Gas production
4 bcm
Net -0 bcm
O&G rent
0.6%
Share of GDP
Oil balance
Production versus demand, 2025, million barrels per day.
Production0.0 mb/d
Consumption0.2 mb/d
Gas balance
Production versus demand, 2025, billion cubic metres.
Production4.0 bcm
Consumption4.2 bcm
Proven oil
0 bn bbl
Gas reserves
0.0 tcm
Refining
0.1 mb/d
LNG
No LNG
Hydrocarbon mix
Oil versus gas in this country’s oil-and-gas demand (oil-equivalent).
- Oil50%
- Gas50%
Economy
Dry winters bid thermal. Lake levels are the wholesale price. Taranaki decline is the 2030s gas question.
- GDP
- $0.3 tn
- Population
- 5.3 m
- Oil intensity
- 0.2 bbl /$1k
- Oil & gas rent
- 0.6% GDP
- Hydrocarbon trade
- 1.4% GDP
- Fiscal breakeven
- —
- $30 oil shock
- -5.5 pp GDP
- Club
- Independent
Projected oil demand
Regional IEA WEO 2025 oil pathways applied to this country’s 2025 baseline. STEPS 2035 demand 0.1 mb/d (net -0.1) versus NZE 0.1 mb/d (net -0.1).
| Scenario | 2025 | 2030 | 2035 | 2050 |
|---|---|---|---|---|
| Stated Policies | 0.2 | 0.1 | 0.1 | 0.1 |
| Net Zero 2050 | 0.2 | 0.1 | 0.1 | 0.0 |
| Current Policies | 0.2 | 0.1 | 0.1 | 0.1 |