The South Australian State Budget for 2017-18 continues to support gas exploration through the funding of the state’s energy plan which increases funding for the Plan for Accelerating Exploration (PACE) gas grants.
The PACE program is helping bring more gas to market and will benefit local businesses and consumers.
According to the State Government, the first round of the program is expected to generate $174 million in new investment in South Australia.
Applications for the second $24 million round close in August 2017.
The oil and gas industry welcomes the South Australian Government’s ongoing support for gas exploration.
APPEA South Australia director, Matthew Doman, said the Government’s ongoing support for gas development contrasted with other Governments that have chosen to lock up their gas resources.
“South Australia continues to set the pace when it comes to supporting the safe and responsible development of natural gas,” Mr Doman said.
“The local gas industry will continue to work with the Government and community to help secure reliable, affordable energy supply for South Australians.”