Chemistry Australia welcomes focus on gas price

Media Release

Chemistry Australia has welcomed the focus on the affordability of gas by the new Federal Parliament.

Chemistry Australia CEO Samantha Read said in the short term, addressing the price of gas on the east coast is a priority for the Australian chemistry industry.

“Affordable gas and energy are essential to maintain and stimulate jobs and growth in the economy,” said Ms Read.

“The direct and indirect contribution of manufacturing throughout the economy cannot be understated, including the significant value added to gas by the chemistry industry and other advanced manufacturing processes.”

“It is also critically important that in the medium to long-term more supply is delivered into the Australian east coast gas market.

“To do this, we support the ACCC’s call to take a case-by-case approach to gas development opportunities.

“The moratoria on onshore gas exploration in Victoria must be lifted, and projects such as Narrabri in NSW need to go ahead to ensure there is sufficient gas available in the markets where the gas is used.”