Minister for Resources and Northern Australia Matt Canavan has welcomed the release of a ten year roadmap for the Australian energy resources sector, to ensure it stays competitive.

Minister Canavan said National Energy Resources Australia (NERA) has developed a 10-year plan for Australia’s oil, gas, coal and uranium energy resources industries designed to help ensure a strong future.

NERA’s Energy Resources Sector Competitiveness Plan will be launched today at the Australasian Oil and Gas Expo in Perth.

Minister Canavan said the report identifies steps for continued prosperity for the sector – despite numerous challenges.

“The resources sector continues to underpin the national economy, creating jobs and investment in regional Australia.

“However the global energy and resources sector is facing challenges from volatile commodity prices in a rapidly evolving marketplace.

“NERA’s plan has identified how the sector can work together to enhance operational models and technology capabilities; improve capacity, skills and culture; and address the regulatory environment in which it operates.

“The Australian Government has established six Growth Centres to encourage collaboration in areas of competitive strength.

“I welcome this plan to provide a long-term road map for the sector, to ensure it continues to create jobs and opportunities in regional Australia.”

Note:

NERA is one of six growth centres established under the Australian Government’s Industry Growth Centres Initiative. With base funding from the Australian Government, NERA is industry-led and works with energy resources companies, their supply chains, research and innovation partners and with governments under a shared vision to drive the sector forward.

NERA’s Energy Resources Sector Competitiveness Plan is available here:  https://www.nera.org.au/Article?Action=View&Article_id=72