Media release: Gas grants a critical step to ensure South Australia’s energy security

The South Australian Government’s Gas Initiative grants announced today are an important step towards securing investment in new gas supply critical to South Australia’s energy security.

Australian Energy Producers South Australia Director David Slama said the support for new gas exploration, development and infrastructure recognised the critical role of gas in the state’s energy mix and sent an important signal to incentivise investment.

“The SA Gas Initiative is an important step towards ensuring our state has reliable and affordable gas supply that is essential for keeping the lights on and powering homes, businesses and industry,” Mr Slama said.

“Driving more investment in new gas supply and infrastructure will help South Australia realise its full potential for economic growth, job creation and energy security.”

Mr Slama said the South Australian Government’s pragmatic approach to energy policy recognised the role for government to support more gas exploration and development.

“South Australia has one of the highest shares of variable renewables in the world, which is made possible by gas-fired generation providing reliable electricity to keep the lights on.

“By planning for future gas supply and recognising its enduring role in the energy system, South Australia is ensuring our state has reliable and affordable energy into the future,” Mr Slama said.

The announcement builds on South Australia’s record of encouraging gas exploration and development through its regular acreage releases, pre-competitive geoscience program, and Firm Energy Reliability Mechanism.

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