Senate debates

Wednesday, 25 August 2021

Regulations and Determinations

Industry Research and Development (Beetaloo Cooperative Drilling Program) Instrument 2021; Disallowance

4:10 pm

Photo of Jane HumeJane Hume (Victoria, Liberal Party, Minister for Superannuation, Financial Services and the Digital Economy) Share this | Hansard source

This instrument should not be disallowed. The Beetaloo Cooperative Drilling Program will unlock new gas potential and accelerate exploration and development in the important Beetaloo basin in the Northern Territory. The basin is a new, world-class gas province, with an estimated 200,000 petajoules or more of gas. The Australian government's $50 million accelerated drilling program is designed to realise the benefits of gas development as soon as possible for all Australians, including the traditional owners in the basin.

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