Future Gas Strategy: Explainer

The Future Gas Strategy does what it says on the tin. It’s a plan for gas production and consumption in Australia. It’s a dense, instructive 67 page document written by the Department of Industry, Science & Resources.

Basically, the Strategy is Australia’s game plan for the vital role of natural gas as we get further into the journey toward a net zero emissions economy by 2050.

We’ve read it, so you don’t have to. Just in case you want to get it from the horse’s mouth, you can read the full document here.

The strategy is all about keeping the lights on and the bills down. Here, we’ll run through the key ideas and goals of the Strategy, as well as the steps being taken to move Australia towards those goals.

Net Zero by 2050

Natural gas is here to stay. it’s a key player in supporting renewable energy and vital industries like manufacturing.

The challenge is to cut down emissions, using proven technologies like carbon capture and storage that can virtually eliminate emissions from industrial processes like making steel and cement.   .

Keeping Gas Affordable

Keeping gas prices in check is super important for our everyday lives and our industries. The strategy includes policies to keep gas prices stable and to make sure there’s enough supply.

Our gas and electricity markets need to evolve to handle changes in supply and demand, particularly as we rely on gas to back up renewable energy.

Finding New Gas

The importance of gas is undeniable. We need to keep exploring and developing new gas fields to meet future demand.

It’s about making the most of what we’ve got while making sure we stick to strong environmental standards.

Being a Reliable Global Partner

Australia will keep being a dependable supplier of liquefied natural gas (LNG) and low-emission gases, helping global energy transitions and lowering emissions in our region.

The Future Gas Strategy is about finding a balance. It aims to manage Australia’s natural gas resources, smartly, ensuring energy security, economic stability, and environmental responsibility.

This strategy is designed to be flexible; ready to adapt to macro and micro changes and new technologies, all while delivering