GREENHOUSE GAS ACREAGE RELEASE A WORLD FIRST
Source: Australia. Minister for Resources and Energy. Media Release
"The Minister for Resources and Energy, Martin Ferguson AM MP, has announced details of the world's first commercial release of offshore areas designated specifically for the assessment of their greenhouse gas storage potential.
Minister Ferguson: "The first ever release of exploration areas for greenhouse gas storage sites forms an important part of the Government's commitment to reducing Australia's carbon emissions while maintaining economic growth.
“Advancing storage technology and capacity is vital to the future of Australia's coal industry and to coal's future as part of the world's transition to cleaner energy pathways.
“It is also important for the oil and gas industry and our energy intensive industries. Projects such as Gorgon LNG in Western Australia have enormous potential to create jobs, exports and long-term economic growth at a time when we need it most, but CCS technology is crucial to its success."