ANGEA welcomes Australia’s Future Gas Strategy

The Asia Natural Gas and Energy Association (ANGEA) welcomes today’s announcement of Australia’s Future Gas Strategy. 

The Future Gas Strategy provides an outline for Australian gas production to 2050 and beyond, not only supporting domestic power generation and industrial use but highlighting the importance of LNG exports to Asia. 

ANGEA CEO Paul Everingham said the Strategy struck a pragmatic note around the energy transition. 

“ANGEA and its member companies welcome this Strategy, which helps provide clarity that the Australian gas industry and its customers had been seeking,” Mr Everingham said. 

“We recognise the considerable time, effort and consultation that the Albanese Government, including Minister for Resources Madeleine King, has put into ensuring the Strategy document is practical and fits real-life opportunities and challenges presented by the energy transition. 

“It’s very pleasing to see the importance of gas being recognised as an energy source that will ensure ongoing reliability of power generation as Australia accelerates investment in renewable energy. 

“Recognition of the value of Australian gas for Asia is also critical. With much of the region still reliant on coal for power generation, LNG from Australia offers an alternative fuel with a much lower emissions profile as countries in Asia continue their own renewable energy rollouts. 

“Australian LNG remains vital for existing customers in Japan, South Korea, Singapore, Taiwan, Thailand and China. But it will also be needed in India, which is progressing plans to grow the role of gas in its economy, and in emerging markets such as Vietnam and the Philippines.” 

Mr Everingham welcomed the Future Gas Strategy’s recognition of carbon capture and storage (CCS) as a technology that could help decarbonise gas production, power generation and hard-to-abate industrial processes. 

“At scale-implementation of CCS is going to be essential to Asia Pacific achieving its net zero goals,” Mr Everingham said. 

“Australia, with its world-class resources industry and workforce, should be central to that. 

“As the Strategy notes, development of Australian CCS can support both domestic decarbonisation and regional emissions reduction efforts. 

“Geologically, Australia has vast storage space for CO2, which makes it an attractive storage destination for cross-border CCS value chains that are starting to be established in Asia Pacific.” 

Media contact
Simon White
simon.white@angeassociation.com
Ph: +614 38 23 08 77

About the Asia Natural Gas & Energy Association (ANGEA)
ANGEA is an industry association representing LNG and natural gas producers, energy buyers, suppliers and companies in APAC. Based in Singapore, it works in partnership with governments and societies across the region to deliver reliable and secure energy solutions that achieve national economic, energy security, social and environmental objectives and meet global climate goals.