Senate debates

Wednesday, 24 February 2021

Questions without Notice

COVID-19: Energy

2:49 pm

Photo of Zed SeseljaZed Seselja (ACT, Liberal Party, Minister for International Development and the Pacific) Share this | Hansard source

I thank my friend and colleague Senator Canavan for the question. A gas-fired recovery is a key part of the government's JobMaker plan and it is central to a strong Australia as we recover from the coronavirus pandemic. Australia's competitive advantage has always been based on cheap energy, and gas will be central to our ongoing economic recovery. We want to see Australian gas working for all Australians, especially in our regions, and we're taking action to deliver more Australian gas to where it is needed at the right price. This will be delivered through a comprehensive plan of 13 measures that will establish an open competitive hub model, like the Henry Hub in the United States.

The three key action areas are unlocking supply, efficient transportation and empowering consumers. We're progressing a range of regulatory reforms and assessing what critical national gas infrastructure is needed to create a competitive gas market that will drive down prices. We're investing $220 million to support development in the Beetaloo Basin. We've ensured that major gas exporters offer more gas on the domestic—

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