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A new lease on life for the gas industry, with the Government's $200 million exploration fund already catching the eye of private companies.
Newstalk ZB can reveal there have been 11 expressions of interest since January.
Resources Minister Shane Jones expects the bulk of approved projects to be based in Taranaki.
Energy Resources Aotearoa Chief Executive John Carnegie told Heather du Plessis-Allan it's a vote of confidence in the sector, and particularly the region.
He says it counters the myth there's no natural gas and shows there are still people looking seriously at opportunities.
Carnegie says we simply can't wait until the gas shortage becomes even more severe for homes and businesses before starting to rebuild our supply.
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