{"id":592650,"date":"2026-09-07T06:32:12","date_gmt":"2026-09-07T06:32:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/592650\/"},"modified":"2026-09-07T06:32:12","modified_gmt":"2026-09-07T06:32:12","slug":"gas-security-fund-todd-energy-gets-up-to-23-5m-for-mckee-gas-projects","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/592650\/","title":{"rendered":"Gas Security Fund: Todd Energy gets up to $23.5m for McKee gas projects"},"content":{"rendered":"

NZ Herald<\/p>\n

6 Sep, 2026 09:24 PMQuick Read<\/p>\n

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The Government has announced the first two recipients of loans from its $200 million Gas Security Fund, with Resources Minister Shane Jones saying he intends to allocate the entire fund before the election. <\/p>\n

\n Todd Energy will receive up to $23.5m in loans for two Taranaki projects that could unlock
\n up to 19.9 petajoules of additional gas reserves over five to nine years.\n <\/p>\n

\u201cSubject to officials serving up robust recommendations to the ministers, we mean to allocate this fund prior to the election,\u201d Jones told BusinessDesk. <\/p>\n

Todd will receive up to $16.2m to drill and connect a new well at the McKee gas field, while a second loan of up to $7.3m will help convert an existing McKee-Tariki well to access gas in the deeper Tariki reservoir. <\/p>\n

Todd is putting in about $10.1m of its own money \u2013 almost $7m for the McKee Gas Cap project and about $3.1m for the McKee-Tariki production well. <\/p>\n","protected":false},"excerpt":{"rendered":"NZ Herald 6 Sep, 2026 09:24 PMQuick Read Subscribe to listenAccess to Herald Premium articles require a Premium…\n","protected":false},"author":2,"featured_media":592651,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[78777,175302,292095,696,9218,138,5903,1667,20209,1888,2082,71,295,16460,6276,266,23593,2176,10527,224537,1132,6722,111,139,69,13578,7569,8279,2687,2437,7228,61,22505,810,102],"class_list":["post-592650","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-78777","tag-235m","tag-allocate","tag-announced","tag-before","tag-business","tag-election","tag-energy","tag-entire","tag-first","tag-for","tag-from","tag-fund","tag-gas","tag-gets","tag-government","tag-intends","tag-jones","tag-loans","tag-mckee","tag-million","tag-minister","tag-new-zealand","tag-newzealand","tag-nz","tag-projects","tag-recipients","tag-resources","tag-saying","tag-security","tag-shane","tag-to","tag-todd","tag-up","tag-with"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/592650","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=592650"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/592650\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/592651"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=592650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=592650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=592650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}