Gas Acceleration Program

Overview

The $26 million Gas Acceleration Program provides grants to businesses to accelerate direct investment in onshore natural gas (gas) projects. The program will support projects with the greatest likelihood of securing new and significant volumes of gas for domestic gas consumers located in target markets (e.g. the east coast gas market), from onshore gas fields by 30 June 2020. The program will run for 3 years from 2017-18 to 2019-20. the grant amount will be up to 50 per cent of eligible project cost there is no minimum grant amount the maximum grant amount is $6 million. The objective of the program is to: increase gas supply to domestic gas consumers located in target markets by assisting businesses to stimulate investment in a diverse range of projects from competing gas producers. The intended outcome of the program is: to address potential gas supply shortfalls in target markets, and encourage the accelerated development of onshore gas resources.