New South Wales Opens Gas Exploration Areas
The state's natural resources minister announced the end of a decade-long freeze on gas exploration to address imminent supply gaps. The dry conditions arrive while farmers are already managing diesel supply shortages. Local dams and eastern seaboard rivers remain full due to recent rain and cyclones. This marks the first time in more than a decade that such exploration has been permitted. The move is intended to ensure a secure and reliable energy supply for the region, according to KPMG Chief Economist Brendan Rinn. The government is also slashing application fees for these areas. The decision follows forecasts predicting potential gas shortages in coming years, according to Minister Huss. Liberal leader Taylor claimed the move would result in increased taxpayer costs. The Prime Minister has called for calm following protests that disrupted a recent event.
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Sources · 7 independent
“The state's natural resources minister says the government is ending a more than decade-long freeze on gas exploration to plug imminent supply gaps.”
“licenses in two areas of the state's far west. The move reverses.”
“New gas supplies being unlocked in New South Wales with the opening of two new regions for domestic gas exploration.”
“state government is taking expressions of interest for gas exploration licenses.”
“For the first time in a decade, the Mins government is opening two regions in the States far west for gas project applications. All gas extracted at the new reserves will be used domestically.”
“Apparently large swathes of western New South Wales currently drought affected. This includes the far west, riverina, upper Murray, central table and parts of even the Hunter Valley.”
“we are going to be opening up new areas for gas exploration in our states far west. This is as you said in your introduction, the first time in more than a decade”
“And New South Wales has opened its first new areas for gas exploration in a decade the decade, slashing application fees.”
“Natural Resources Minister Corry Huss has told Clinton Maynard it's based on advice about what the state needs. So we're saying today we've got this advice, we understand that there are plenty of forecasts that are saying we're facing problems in terms of gas shortages in coming years so we want to start that exploration process.”
“New South Wales has opened its first new areas for gas exploration in a decade, slashing application fees from $50,000 Australian dollars to 1000 in a bid to revive the domestic industry.”
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