Methanex closing eliminates any arguable case for LNG Terminal

Posted at September 02, 2026 11:27 AM by Chlöe Swarbrick

The Green Party says Methanex closing shuts the door on any arguable reason for the Government to build an LNG import terminal, and is calling on the Government to cancel its plans.

"It's time for the Government to cancel their plans to use $1 billion of taxpayer money to underwrite the LNG import facility," says Green Party Co-leader Chlöe Swarbrick.

"Methanex leaving takes the country's largest gas user out of the market and frees up gas supply through to the end of the decade for electricity generation."

"If they're not going to do the rational thing and cancel their plans, at the very least, Luxon must return to the drawing board before signing any daft deal."

"The 'gas shortage' the Government has been talking up to try and justify this fossil fuel project is now about to be a great deal smaller."

“But nobody in the real world wanted the LNG import facility in the first place."

"New Zealanders don’t want higher power bills and more exposure to volatile fossil fuels. Energy experts and economists have been shaking their heads in disbelief."

"New Zealanders deserve real energy independence, cheaper bills, local manufacturing and jobs and a resilient economy. An LNG terminal was never going to deliver that, and today's news makes that reality even more stark," says Swarbrick.