Review finds gas policy boosts domestic supply and helps lower prices

A comprehensive review of the Australian Domestic Gas Security Mechanism (ADGSM) has found it has helped lower domestic gas prices while contributing to more secure gas supplies for Australian consumers. The Liberal/Nationals Government introduced the ADGSM in July 2017 to help guarantee domestic gas supplies with forecast shortages caused by growing exports and reduced production from gas fields offshore from Victoria. Read more

New office to support emerging critical minerals industry

Australia’s new Critical Minerals Facilitation Office is open for business and ready to support the development and growth of our critical minerals sector. Read more

Australia, Japan Agreement an Exciting Step Towards Hydrogen Future

Using hydrogen as a clean, affordable and sustainable source of energy is another step closer after Minister for Resources and Northern Australia Matt Canavan signed a joint statement of cooperation with Japan today. Read more

Resources and energy exports forecast to set records

Australia’s resource and energy export earnings are forecast to set a record $281 billion in 2019–20, up from $279 billion in 2018–19. Minister for Resources and Northern Australia Matt Canavan said the latest Resources and Energy Quarterly (REQ) showed the resource and energy sector continued to be a powerhouse for the Australian economy. Read more

BP and Chevron to fund new exploration initiatives in South Australia

BP and Chevron have committed to investing a total of $116.5 million in oil and gas exploration activities, with at least half directed to projects in South Australia with a view to increasing energy supplies in the state and south-eastern Australia. Read more

NOPSEMA approval of Equinor’s environment plan

Minister for Resources and Northern Australia Matt Canavan has welcomed today’s announcement by the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) that Equinor’s environment plan for exploratory petroleum drilling activity in the Great Australian Bight has been accepted. Read more

IEA Outlook shows continuing strong demand for Australian coal

The latest coal report by the International Energy Agency (IEA) has underlined ongoing strong international demand for Australian coal, with growth in demand in India and other Asian countries offsetting declines in Europe and the United States. Read more

$50 million NAIF loan finalised to refurbish Townsville Airport Terminal

The redevelopment of Townsville Airport is ready for take off, with financial close reached on a $50 million Northern Australia Infrastructure Facility (NAIF) loan application and first drawdown of funds expected to happen before the end of the year. Read more

Minister welcomes appointment of new NAIF Chief Executive Officer

Minister for Resources and Northern Australia Matt Canavan has welcomed the appointment of Chris Wade as Chief Executive Officer of the Northern Australia Infrastructure Facility (NAIF). Read more

Milestone opening for Humpty Doo NAIF-backed project

Today marks the first opening of a project funded by the Northern Australia Infrastructure Facility (NAIF), with the completion of stage one of the Humpty Doo Barramundi Farm expansion. Read more



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