Oil and gas are known as petroleum resources. Petroleum is a naturally occurring mixture of either liquid or gas hydrocarbons.
Regulating oil and gas
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.
Oil and gas sector opportunities
Bidding closed
Offshore greenhouse gas storage acreage release 2023
There are 10 areas for offshore oil and gas exploration. Bidding for this release closed on 28 November 2023.
National Offshore Petroleum Titles Administrator
See NOPTA's interactive map presenting the geographical offshore locations of active titles that exist in Australian territorial waters.
