Mr Wilson said that in the future, zero-carbon hydrogen from renewables can also be delivered in the gas network.
“This has the potential to further reduce the carbon footprint of gas and complement the vital support gas already provides to intermittent renewables for power generation,” said Mr Wilson.
“Australia’s gas infrastructure can store the same amount of energy as six billion Powerwall batteries.”
The power sector is the largest gas consuming sector, accounting for 40 per cent of worldwide gas demand today. The International Energy Agency recognises that gas is less carbon intensive than coal or oil and notes that gas-fired technologies have a far lower capital cost compared to coal generation.
Mr Wilson said new technology will drive the decarbonisation journey of gas.
“We need a technology-neutral policy environment to allow industry to research, develop and demonstrate a diverse range of low emission technologies.”
Australian Petroleum Production and Exploration Association (APPEA) Chief Executive Dr Malcolm Roberts said natural gas has a pivotal role to play as we continue the move to a low carbon economy, both in Australia and around the world.