Until legislation is passed by Parliament, the current moratorium on unconventional onshore gas exploration and development will stay in place.
The Government will also legislate to extend the current moratorium on exploration and development of conventional onshore gas until June 30 2020, noting that fracking will remain banned.
The Victorian Government’s decision to permanently ban development of its valuable gas reserves has undermined its own authority as a participant in East Coast gas market reform, said Australian Pipelines and Gas Association (APGA) Chief Executive Cheryl Cartwright.
“Victoria has walked away from investment in State development – from infrastructure and now from energy,” said Ms Cartwright in response to the decision today to legislate against development of coal seam gas.
“As South Australia and the other East Coast gas market participants try to find a solution to the current gas demand-supply imbalance, Victorian has abandoned its responsibilities to the gas market and gas users of Australia.