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The changing structure of the oil market and New Zealand

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  • Boshier, John F.

Abstract

This paper discusses the present and future petroleum industry in New Zealand. Detailed forecasts of the supply and demand of hydrocarbons show that fuel-oil forecasts are decreasing markedly. The outlook is optimistic for production of substitutes for imported oil—namely, compressed natural gas, liquified petroleum gas (LPG), and synthetic gasoline. The single refinery in New Zealand is being expanded with a hydrocracker conversion unit, and product balance from the refinery is elaborated. A research and development program is centered on coal conversion, but further projects to produce liquid fuels are not planned at present. Deregulation of the oil industry is being closely examined, together with a more commercial government role.

Suggested Citation

  • Boshier, John F., 1986. "The changing structure of the oil market and New Zealand," Energy, Elsevier, vol. 11(4), pages 483-490.
    • Handle: RePEc:eee:energy:v:11:y:1986:i:4:p:483-490
    DOI: 10.1016/0360-5442(86)90138-6
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