Crikey Worm: All talk, slow action crikey.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crikey.com.au Daily Mail and Mail on Sunday newspapers.
A bilateral energy and emissions agreement which will increase South Australia's gas target and is worth more than $1 billion has been struck between the state and federal governments.
$1b green energy deal with SA aims to shore up gas supply
Apr 18, 2021 – 6.07pm
Share
The Morrison government has signed a $1 billion energy deal with South Australia to help deliver more gas to help support the state’s renewable energy assets and alleviate a potential shortfall on the east coast.
The second bilateral state energy deal – following a $2 billion agreement struck with NSW at the beginning of last year – calls on the Commonwealth to inject $660 million towards new technologies such as hydrogen and carbon capture and storage, as well as a new interconnector between South Australia and NSW.
The Moomba gas fields are going to help alleviate the east coast gas shortage.
AGL Withdraws Plan To Build Gas Terminal in Victoria
Energy giant AGL has formally withdrawn its plan to build a liquefied natural gas (LNG) import terminal in Melbourne just weeks after the Victorian Labor government rejected the company’s proposal.
“The Victorian Minister for Planning found AGL’s proposed project to have unacceptable environmental effects,” an AGL spokeswoman said in a statement.
“As a result, AGL has taken the step of withdrawing the works approval application while it considers its options.”
Notice of AGL’s withdrawal emerged on April 15 after the company notified Victoria’s Environmental Protection Authority of its decision on April 9.
An anti-corruption advocate is warning political donations are undermining public confidence in plans for a gas-fired economic recovery from the coronavirus pandemic.