The South Australian government’s plan for accelerating exploration gas grants will enable more gas to be delivered to the market, according to the Australian Petroleum Production & Exploration Association.
Speaking of the South Australian government’s PACE grants, APPEA SA director Matthew Doman said the companies that received the grants, LNG player Santos, as well as Beach Energy, Senex and Strike Energy “were committed to the responsible development of South Australia’s natural resources.”
“This sensible policy will help ensure a reliable supply of natural gas to meet the energy needs of local businesses and households,” Doman said.
He also added that the support of the South Australian government comes at a point when onshore exploration in Australia is at its lowest level in decades. Data from the Australian Bureau of Statistics shows a 64 percent drop in exploration expenditure during last year.
“Unlike other governments which have chosen to lock up their gas resources, South Australia continues to set the pace when it comes to supporting the safe and responsible development of natural gas,” concluded Doman.