BPH - Joint Authority decision due by 1st November 2023, page-362

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The economic and security importance of gas

Natural gas is critical to support the security and reliability of our electricity grid during the transition to net-zero.

Gas is needed to support renewable power generation in the National Electricity Market. Gas will also be needed to ensure the processing and refining of critical minerals and rare earths required for green energy technology.

Australia’s gas resources will also continue to be a reliable source of energy security for our trading partners for a long time to come.

Australia is one of the world’s largest LNG exporters.

Nations like Japan and South Korea plan to use our gas to support their own clean energy transformations.

Australia will achieve its net zero objectives while ensuring that our gas industry continues to meet our domestic, industry and export needs.

Both AEMO and the ACCC expect that Australia’s future domestic gas needs will not be met through existing sources of supply.

So we need to promote exploration and development in the gas sector and welcome more investment from our international partners.

Companies in the oil and gas sector are already showing leadership in the deployment of low emissions technologies and our Safeguard Mechanism will further encourage this.

And the Australian Government is developing our Future Gas Strategy to balance the needs of consumers, industry and the energy transition underway within our region.

The strategy will support Australia’s energy system to become cleaner, cheaper and more reliable.”

Directly from the Ministers mouth.
link here: https://www.minister.industry.gov.a...tional-mining-and-resources-conference-sydney