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 says Australia’s gas policy settings are important for Australia’s energy security, business and industry, for the environment and local economies. 

King says 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 decisions across communities, industry and governments,” she 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.”

The minister says gas is essential to modern supply chains which connect 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,” 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.”

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.