The Australian Government has released a discussion paper and opened consultations on a national Future Gas Strategy.
Minister for Resources and Northern Australia Madeleine King said Australia’s gas policy settings were important for Australia’s energy security, for business and industry, for the environment and for local economies.
Minister King said the strategy, announced in the May Budget will help government, industry and households make decisions about the future role of gas.
“The Future Gas Strategy will ensure Australia has the long-term policy clarity needed to support decision across communities, industry and governments,” Minister King said.
“The role of gas will change as the world decarbonises – both in Australia’s energy mix and in the energy use of our trading partners.”
Minister King said gas was essential to modern supply chains which connected Australia in complex ways with trade and investment partners, creating essential goods, services and jobs at home and abroad.
“We need to ensure gas demand decreases faster than supply through the energy transition,” Minister King said.
“Gas shortages, supply disruptions and high prices are among the consequences of reducing supply faster than demand.
“These consequences disproportionately impact those who can least afford them, worsening poverty and inequality.”
Minister King said the strategy would be informed by widespread consultations with industry, international trade and investment partners, and the Australian public.
The strategy is due to be finalised next year.
The discussion paper is available on the Department of industry, Science and Resources consultation hub page.
