Industry claims CSG restrictions could cost $2 billion

NEW laws restricting the exploitation of coal seam gas in New South Wales within 2km of residential areas could add $2 billion to energy bills by 2020, the Energy Supply Association warned on Tuesday.

The ESAA's chief executive Matthew Warren said the new government restrictions - which do not affect the Northern Rivers region - could also deny millions of dollars in state royalties.

He said the state had abundant gas reserves which should be developed to power industry and households.

While there was currently no domestic reservation of coal seam gas at either a state or federal level, which would set aside gas exploited for on-shore consumption, rather than export.

Mr Warren said the reserves were owned by the people of the state, not a handful of landholders.

He said as such, CSG should be exploited to help deliver services to the majority of people living in NSW.

"Saying no to appropriate developments means the state government will have less money to provide hospitals, schools and transport," he said.

"Households want relief from rising energy bills and the state desperately needs new investment to unlock growth.

"This decision to block CSG development in NSW does everything to make the situation worse."

Mr Warren said the only way to alleviate rising gas prices was to produce more gas, despite such gas not being set aside for domestic consumption, as argued by the Australian Workers Union's Paul Howes, among others.

"If the NSW government does not reassess the long-term implications of this decision, higher energy prices for households and businesses will eventuate," Mr Warren said.

Topics:  coal seam gas, energy supplu association australia, environment, mathew warren



Local Real Estate

Featured Real Estate
D.I.Y. OR INSTALLED HOME... $9500.00 From
Mobile Home Fully self contained granny flat or mod homes.  D.I.Y $9.5k or $12.5K ...
HAVE FUN IN FERNVALE $360 per week
House 4 2 4
AVAILABLE 17TH JULY... Leased
House 3 2 2
Completion is just aroud... $300.00 per...
3 2 1

Featured Jobs

Ipswich jobs listed daily



Local Partners

LATEST DEALS AND OFFERS

View today's ePaper!

Read the digital edition
Learn More

Cars For Sale

Find cars for sale online now.
Learn More

Subscription Sale

Subscribe now for $1 for 14 days.
Learn More

Local Profile

Stay Connected

Get the news as it happens, in your inbox

You can change the newsletters you are subscribed to when you edit your profile

Edit Profile


Special Offers

Latest deals and offers

Horoscopes

Cancer

Love and passion may fall short of your ideal and just now you may not be nurtured in the way you want. Ask for it. You'll come across with...

read more

Marketplace

Special Offers & Promotions

Compare & Save