State govt receives CSG report

THE state government has today received the report prepared by the Gas Market Taskforce, led by former federal minister Peter Reith.

The report looks at issues surrounding the eastern Australian gas market, particularly the issue of rising gas prices.

The government will respond in due course.

Premier Denis Napthine said the report would be an input into the government’s decision making process regarding the future of onshore gas in Victoria.

“The Coalition Government will also consider a wealth of information from a variety of sources in order to gain a full and comprehensive understanding of this issue before moving forward,” Dr Napthine said.

“We will take our time to consult widely and learn from the experiences of other states before making a decision on this important matter.

“As Victorians we are extremely lucky that we have been blessed with a rich and diverse range of energy resources.

“We have an abundance of brown coal reserves which are augmented by a number of alternative energy services including wind, Snowy-Hydro and gas-fired power plants that utilise natural gas obtained through vast offshore deposits.

“However, it is important that we take a responsible approach to ensure that Victorian homes and businesses have continued access to affordable energy resources in the long term.

“Addressing this issue is a complex task that requires considerable   analysis to make sure we achieve the right outcome for the community, for the environment and for industry,” Dr Napthine said.

The moratorium on hydraulic fracturing of onshore gas in Victoria continues to be in effect.