The Australian Government is examining options for a prospective national gas reservation scheme following the recent announcement of its plan for a gas-led recovery.
A gas reservation issues paper has been released for public consultation and the government seeks information and feedback from states, territories, industry and gas users for consideration.
The paper will explore possible costs and benefits of a gas reservation scheme and consider issues including certainty of supply and investment confidence in Australia’s oil and gas industry.
The Hon Angus Taylor MP, Minister for Energy and Emissions Reduction, said, ‘It is essential we consider all of the policy options available that could help to ensure Australian gas is working for all Australians.’
‘Gas prices and security affects the productivity and competitiveness of Australian industry. We will work with industry and consider all feedback to ensure both gas producers and users can thrive.’
Submissions on the reservation policy paper close on 27 November 2020.
The issues paper can be found and submissions made at the Department of Industry, Science, Energy and Resources’ Consultation Hub.
For more information, see the Minister's media release.