DomGas Alliance Chairman Tony Petersen said that state royalty incentives and co-funding of onshore drill rigs will encourage new domestic gas supply.
“We have the potential to open up a tremendous new energy resource for the state and provide greater diversity of supply,” Mr Petersen said.
Under the state’s Exploration Incentive Scheme (EIS), $A20.5 million is being provided to explorers over four years as co-funding grants to support drilling in underexplored areas. In addition, the Alternative Energy Mobilisation Scheme, an extension of the EIS, will provide further funding of $A20.6 million over three years to specifically support drilling for onshore alternative energy sources.
Mr Petersen assured that environmental concerns relating to unconventional gas could be managed.
“The state has a robust environment protection regime,” Mr Petersen said.
