Australia’s gas-fired recovery plan will see a further investment of $58.6 million (US$45.6 million), focusing on four main gas projects throughout Victoria. The investment will go towards several projects in the state, including two gas storage projects, the expansion of the South West Victorian pipeline, and a gas import terminal project. The funding is part of the 2021-2022 federal budget—to be announced next week—and seeks to build on the gas-recovery plan as a pathway to support jobs and the economy, particularly following the Chinese Communist Party (CCP) virus (novel coronavirus) pandemic. “Gas will help re‑establish a strong economy as part of the Government’s JobMaker plan, making energy affordable for families and businesses and supporting jobs as part of Australia’s recovery from the COVID-19 recession,” Prime Minister Scott Morrison said. It also seeks to address gas supply and affordability concerns, with a report last month by the Australian Competition and Consumer …
Australia Pledges $58.6M Towards New Gas Projects as Part of the Gas-Fired Recovery
May 6, 2021
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