A major gas field in Taranaki could easily be shut down within months if the Government does not amend a glitch in laws governing New Zealand's oceans, Environment Minister Nick Smith says.
A special bill to be introduced tomorrow in response to the problem has prompted concerns that mining permits in the waters around New Zealand will be approved more easily, but these have been dismissed by the minister.
Dr Smith revealed this afternoon that changes to exclusive economic zone (EEZ) laws meant the 36-year-old Maui A platform in Taranaki could face obstacles in renewing its mining permit before a deadline in June.
"The problem with the EEZ legislation is that it would not enable the platform to operate in the event that anybody launched an appeal," he said.
"We cannot have such as significant part of New Zealand's energy equation in any legal uncertainty."