Anne Ruston (SA, Liberal Party, Minister for Families and Social Services) Share this | Hansard source

Senator McMahon, to encourage investment in gas developments and unlock additional supply our Morrison-McCormack government will set new gas supply targets with the states and territories, will enforce a use-it-or-lose-it requirement on gas licences and will deliver five new strategic basin plans to unlock that gas potential. The government's strategic basin plan for Beetaloo will accelerate the exploration and development of that basin.

The Beetaloo Basin has the potential to be a new world-class shale gas province. With an estimated 178,000 petajoules of shale gas it is larger than any other known gas resource off the North West Shelf. Economic modelling suggests that the development of the gas resource in the Beetaloo Basin could contribute upwards of 6,000 jobs for Australians and $36.8 billion in GDP by 2040.