Oil and gas are known as petroleum resources. Petroleum is a naturally occurring mixture of either liquid or gas hydrocarbons. 

Regulating oil and gas

Decommissioning offshore oil and gas infrastructure

Planning for gas to 2050 and beyond

The role of gas will change as we reach net zero in Australia by 2050. The Future Gas Strategy sets out the Australian Government’s plan for gas production and consumption while our economy transitions to net zero.

The strategy aims to: 

  • support decarbonisation of the Australian economy 
  • safeguard energy security and affordability 
  • reinforce Australia’s reputation as an attractive trade and investment destination 
  • help our trade partners on their own paths to net zero.

The strategy is an evidence-based framework built around 6 principles that will guide policymaking about gas. 

  • Gas Market Review

    The Australian Government’s Gas Market Review recommends significant reforms, including a domestic gas reservation policy.
  • Offshore venting and flaring policy statement

    This statement explains how the Australian Government regulates venting and flaring at Australia’s offshore petroleum facilities in Commonwealth waters.

Oil and gas sector opportunities

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