Gas Acceleration Program Grant Guidelines Released
20 December 2017
The Australian Government’s $26 million Gas Acceleration Program (GAP) will open to applications early in the new year, to further strengthen the East Coast gas market.
Guidelines for the GAP were released today, ahead of grant applications opening in January 2018.
The GAP is a significant component of the Australian Government’s $90 million investment in gas security, reliability and affordability for the Australian people.
Minister for Resources and Northern Australia Matt Canavan said the program aimed to deliver new gas supply to domestic users in markets affected by tight supply by fast-tracking new project developments.
“The GAP will offer up to $6 million to gas projects that have substantiated prospects of bringing significant new gas volumes to market by mid-2020,” Minister Canavan said.
“This funding can be used to develop new technologies or techniques to boost well productivity, for new production or exploration near existing infrastructure. It can also be used to build new gas processing, storage and transport facilities, or for other activities that will bring forward new gas supply.
“This program is implementing our long-term goal to increase the domestic gas supply, boost competition, and improve transparency and efficiency of the gas market supply chain.
“Australian consumers need to be assured that we can access our plentiful gas resources in a responsible way. Bringing more gas to market will reduce upward pressure on gas prices and help to create Australian jobs and support investment in regional Australia.”
Applications to the GAP will be open between 15 January and 13 February 2018.
For more information, visit www.business.gov.au/gap
Media contact: Minister Canavan's office 02 6277 7180