The Australian Government has opened up 80,000 square kilometres (30,000 square miles) of coastal waters for oil and gas exploration amid a shortage of supplies on the nation’s two key commodities. Industry stakeholders will be expected to bid for exploration rights in a total of 21 areas off the coasts of Western Australia, Victoria, and…
Australia Pledges $58.6M Towards New Gas Projects as Part of the Gas-Fired Recovery
Australia’s gas-fired recovery plan will see a further investment of $58.6 million (US$45.6 million), focusing on four main gas projects throughout Victoria. The investment will go towards several projects in the state, including two gas storage projects, the expansion of the South West Victorian pipeline, and a gas import terminal project. The funding is part…
South Australia’s $1 Billion Energy Deal Builds on Gas-Fired Recovery
April 19, 2021
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AEMOAustraliaClimate CouncilCSIROenergyGasGas-Fired RecoveryPrime Minister Scott MorrisonSouth AustraliaWorld
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The South Australian and Federal governments have signed an AU$1.08 billion (US$834 million) agreement to provide South Australians with reliable and affordable energy while maintaining emission reduction targets. The deal involves a $100 million energy grid interconnector between South Australia and New South Wales and an investment of $510 million for emissions reduction projects such…
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