Gas will help re\u2011establish a strong economy as part of the Government\u2019s JobMaker plan, making energy affordable for families and businesses and supporting jobs as part of Australia\u2019s recovery from the COVID-19 recession.
\nPrime Minister Scott Morrison said the Government would reset the east coast gas market and create a more competitive and transparent Australian Gas Hub by unlocking gas supply, delivering an efficient pipeline and transportation market, and empowering gas customers.
\nThe Government will get more gas into the market by:<\/p>\n
We will boost the gas transport network by:<\/p>\n
To better empower gas consumers, the Government will:<\/p>\n
\u201cTo help fire our economic recovery, the next plank in our JobMaker plan is to deliver more Australian gas where it is needed at an internationally competitive price,\u201d the Prime Minister said. Gas will help re\u2011establish a strong economy as part of the Government\u2019s JobMaker plan, making energy affordable for families and businesses and supporting jobs as part of Australia\u2019s recovery from the COVID-19 recession. Prime Minister Scott Morrison said the Government would reset the east coast gas market and create a more competitive and transparent Australian … Continue reading “Gas-Fired Recovery”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-8201","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/8201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=8201"}],"version-history":[{"count":0,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/8201\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=8201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=8201"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=8201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n\u201cWe\u2019ll work with industry to deliver a gas hub for Australia that will ensure households and businesses enjoy the benefits of our abundant local gas while we hold our position as one of the top global liquefied natural gas (LNG) exporters,\u201d the Prime Minister said.
\n\u201cThis is about making Australia\u2019s gas work for all Australians. Gas is a critical enabler of Australia\u2019s economy.
\n\u201cOur competitive advantage has always been based on affordable, reliable energy. As we turn to our economic recovery from COVID-19, affordable gas will play a central role in re-establishing the strong economy we need for jobs growth, funding government services and opportunities for all.\u201d
\nMinister for Energy and Emissions Reduction Angus Taylor said reliable and affordable gas was more important now than ever.
\n\u201cA gas-fired recovery will help Australia\u2019s economy bounce back better and stronger while supporting our growing renewable capacity and delivering the reliable and affordable energy Australians deserve,\u201d Minister Taylor said.
\n\u201cWe are building a robust and competitive gas industry that will allow both gas producers and users to thrive, with lower prices and lower emissions benefiting all Australians.\u201d
\nMinister for Resources, Water and Northern Australia Keith Pitt said the Government\u2019s Gas Plan would drive job creation and economic growth in northern and regional Australia.
\n\u201cThis commitment will encourage investment to unlock Australia\u2019s vast resources potential \u2013 boosting exports, jobs and energy supplies,\u201d Minister Pitt said.
\n\u201cDeveloping Australia\u2019s untapped gas resources will help to deliver more affordable and more sustainable gas supply that supports households and businesses.\u201d
\nGas supports the manufacturing sector, which employs over 850,000 Australians and is an essential input in the production of plastics for PPE and fertiliser for food production. In 2019, Australia was the largest exporter of LNG, with an export value of $49 billion.
\nLow gas prices also drive down electricity prices, benefiting all Australian households and businesses. Gas complements our world leading renewables sector by keeping the lights on when the sun isn\u2019t shining and the wind isn\u2019t blowing.
\nThe Government wants the private sector to step-up and make timely investments in the gas market. If the private sector fails to act, the Government will step in \u2013 as it has done for electricity transmission \u2013 to back these nation building projects. This may include through streamlining approvals, underwriting projects or the establishment of a special purpose vehicle with a capped Government contribution.
\nThe Government has already taken a number of important steps to ensure affordable and reliable gas prices for Australian users, including increasing domestic supply through the Australian Domestic Gas Security Mechanism, supporting the development of the Beetaloo Basin, and successive Heads of Agreement with east coast LNG exporters.
\nGas is part of the Government\u2019s plan to reduce emissions without imposing new costs on households, while at the same time creating jobs, growing businesses and the economy.
\n<\/strong>
\nThe Prime Minister said the Government would also work with state governments through a program worth up to $250 million to accelerate three critical projects \u2013 the Marinus Link, Project Energy Connect and VNI West interconnectors.
\n\u201cThese links will help put downward pressure on prices, shore up the reliability of our energy grid and create over 4,000 jobs,\u201d the Prime Minister said.
\n\u201cOur plan for Australia\u2019s energy future is squarely focused on bringing down prices, keeping the lights on and reducing our emissions and these interconnectors bring us a step closer to that reality.\u201d
\nTogether with the Government\u2019s existing support for HumeLink and the QNI Interconnector, this means we are accelerating all priority transmission projects identified in the AEMO Integrated System Plan.
\nThe Government’s plan will hold the energy companies to account and maintain downward pressure on electricity prices while simultaneously developing the backbone of a reliable, lower emissions National Electricity Market for the next decade and beyond.<\/p>\n","protected":false},"excerpt":{"rendered":"