The Australian Government has established a Gas Taskforce to oversee the implementation of the Ggvernment’s measures to deliver cheaper and more reliable gas to Australian households and to increase gas supplies for business. The Taskforce will report to the Energy Committee of Cabinet.
Households rely on affordable gas supplies to their homes and businesses need reliable energy to support jobs. To this end, a series of measures have been developed and gas industry participants have agreed to ongoing work to deliver the benefits and energise investment to make that happen.
The government is continuing to work on other policies to promote gas development and provide energy security through its Energy Committee of Cabinet.
Gas market reforms
The government also continues to lead gas market reforms through the Council of Australian Governments Energy Council (COAG Energy Council) to improve the way the market works and bring on new supply. The Energy Council will work with the Taskforce to identify and accelerate possible reforms.
The Gas Market Reform Group (GMRG) was established by the COAG Energy Council in August 2016 to lead the design, development and implementation of:
- a new information disclosure and commercial arbitration framework for non-scheme pipelines
- transportation (pipeline and hub services) capacity trading related reforms
- market transparency reforms
- wholesale gas market reforms
For further information about the Gas Taskforce, contact the Secretariat at GasTaskforce [at] environment.gov.au
Statement on meeting with gas and energy users, 29 March 2017 joint Ministerial media release
Tax Cuts To Boost Jobs And Wages, 31 March 2017 joint Prime Minister and Ministerial media release
New Heads of Agreement to secure gas supply Australian Government
Gas Market Reform Package COAG Energy Council