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Electric Power, Natural Gas, Energy Transition, Renewables
May 05, 2025
By Surabhi Sahu
HIGHLIGHTS
Ban on new gas projects not supported: Australian Energy Producers
Implement actions from Future Gas Strategy: Australian Energy Producers
Policies set to underpin new clean energy investments: Clean Energy Council
Australian Prime Minister Anthony Albanese's reelection presents an opportunity for energy policy certainty and continuity, which could underpin clean energy investments in the next parliamentary term, two domestic industry bodies -- the Australian Energy Producers and the Clean Energy Council -- said.
In the federal election on May 3, the Liberal-National Coalition (Liberal National Party, LNP) led by Peter Dutton faced off against Albanese's Australian Labor Party (ALP), after which Albanese became the first Australian prime minister in nearly two decades to win a second consecutive three-year term.
"We look forward to working with the Albanese government on advancing the shared goal of boosting Australian gas supply to ensure reliable and affordable energy for Australian homes and businesses, as outlined in the Future Gas Strategy and Australian Energy Producers' election policy platform," Australian Energy Producers Chief Executive Samantha McCulloch said in a statement May 4.
The election results indicated that Australians do not support a ban on new gas projects, which would put the country's energy security at risk and drive up energy costs, McCulloch said.
Australia is among the world's top LNG exporters. The country's LNG shipments set a new annual record of 82 million mt in 2024, surpassing 81.1 million mt in 2023 and the previous record of 81.3 million mt in 2022, according to domestic consulting company EnergyQuest.
McCulloch said the government needs to prioritize implementing the Future Gas Strategy and address regulatory delays and uncertainty within the environmental approvals system.
"Australia has abundant gas resources, yet we face gas shortfalls this decade due to regulatory uncertainty, approval delays and policy interventions that have delayed new gas supply and damaged Australia's investment competitiveness," McCulloch said.
"Addressing these risks must be a priority for the new Parliament," she added.
The move also aligns with the association's election policy platform, which outlines key actions such as boosting Australian gas supply to ease cost of living pressures, restoring the country's global investment competitiveness, delivering real emissions reductions through gas and carbon capture, utilization and storage and remaining a reliable energy partner in the region.
Australian Energy Producers is the peak body representing explorers, developers and producers of essential energy sources -- oil, gas and lower-emission fuels.
Meanwhile, the Clean Energy Council, the peak body for Australia's renewable energy industry, said the election has delivered a mandate for clean energy.
The reelection of the Albanese government provides continuity for strong and effective policies that are crucial to supporting new investment in clean energy, Clean Energy Council Chief Executive Kane Thornton said in a statement May 4.
Since the Labor government was elected in 2022, "significant progress" has been made in accelerating the country's clean energy transition, as reflected in policies such as the Capacity Investment Scheme, efforts to speed up upgrades to Australia's electricity networks and the passing of the Future Made in Australia Act, the council said.
"We look forward to working with the Albanese government and the next Australian Parliament to ensure strong, stable and effective policy for the transition to clean energy," Thornton said.
"This also includes ensuring the effective design and implementation of the government's promised Cheaper Home Batteries rebate program, much-needed reform to environment and planning laws and reform to the energy market to ensure clearer incentives for new investment, including for long-duration energy storage," he added.
Thornton also called for continued collaboration to educate and engage the public.
The council launched a public information campaign -- Clean energy works for Australia -- earlier this year, aiming to "tackle growing mis and disinformation" about the clean energy transition and technologies.
Editor: