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New Zealand plans to build a liquefied natural gas (LNG) import facility in Taranaki to enhance energy security and economic growth. The facility is expected to be operational by 2027 or early 2028, following a government contract signing in mid-2026. The project aims to address declining gas supplies and reduce reliance on coal and diesel, potentially generating NZ$1.2 billion annually by 2035 and protecting approximately 2,000 jobs.