Deliver a National Gas Plan – $1 billion Critical Gas Infrastructure Fund

Summary of proposal

The proposal would establish a new Critical Gas Infrastructure Fund to support investment in high priority pipeline and supply infrastructure projects, and expand capacity where required.

The proposal would start on 1 July 2025.

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Deliver a National Gas Plan – Reinstate annual acreage releases for offshore oil and gas exploration

Summary of proposal

The proposal would drive the development of Australia’s untapped gas resources by reinstating annual acreage releases for offshore oil and gas.

The proposal would start on 1 July 2025.

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Deliver a National Gas Plan – Reinstate annual acreage releases for offshore oil and gas exploration

Summary of proposal

The proposal would drive the development of Australia’s untapped gas resources by reinstating annual acreage releases for offshore oil and gas.

The proposal would start on 1 July 2025.

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Deliver a National Gas Plan – Reinstate annual acreage releases for offshore oil and gas exploration

Summary of proposal

The proposal would drive the development of Australia’s untapped gas resources by reinstating annual acreage releases for offshore oil and gas.

The proposal would start on 1 July 2025.

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Deliver a National Gas Plan – East Coast Gas Reservation

Summary of proposal

The proposal would introduce an East Coast Gas Reservation that would require an additional 50-100 petajoules of gas - equivalent to 10-20% of current east coast gas demand - to be committed to the domestic market in the first 12 months of operation. The additional gas will be shared across the three largest east coast gas exporters.

Detailed design of the mechanism, in consultation with industry and consumers, would occur in early 2025-26.

The proposal would start from 1 July 2025.

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Deliver a National Gas Plan – East Coast Gas Reservation

Summary of proposal

The proposal would introduce an East Coast Gas Reservation that would require an additional 50-100 petajoules of gas - equivalent to 10-20% of current east coast gas demand - to be committed to the domestic market in the first 12 months of operation. The additional gas will be shared across the three largest east coast gas exporters.

Detailed design of the mechanism, in consultation with industry and consumers, would occur in early 2025-26.

The proposal would start from 1 July 2025.

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Deliver a National Gas Plan – East Coast Gas Reservation

Summary of proposal

The proposal would introduce an East Coast Gas Reservation that would require an additional 50-100 petajoules of gas - equivalent to 10-20% of current east coast gas demand - to be committed to the domestic market in the first 12 months of operation. The additional gas will be shared across the three largest east coast gas exporters.

Detailed design of the mechanism, in consultation with industry and consumers, would occur in early 2025-26.

The proposal would start from 1 July 2025.

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Powering past coal and gas – Green Industrial Transformation

Summary of proposal

The proposal would provide funding for a Green Industrial Transformation Fund to drive the Green Transition and create jobs across Australia. It has the following components:

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Powering past coal and gas – Green Industrial Transformation

Summary of proposal

The proposal would provide funding for a Green Industrial Transformation Fund to drive the Green Transition and create jobs across Australia. It has the following components:

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Powering past coal and gas – Green Industrial Transformation

Summary of proposal

The proposal would provide funding for a Green Industrial Transformation Fund to drive the Green Transition and create jobs across Australia. It has the following components:

Read more