Amid Climate Goals, Australia Plans to Ramp Up Gas Production, Expects $47 Billion in LNG Sales

Australia's government confirms gas will sustain its crucial role in the energy sector through 2050.

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An ambitious $47 billion from LNG sales is projected for fiscal 2023-2024, amidst global energy shifts.

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The Future Gas Strategy promises to safeguard affordable energy for Australians while bolstering exports.

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Maritime areas are set for expansion under new leases aimed at carbon capture and storage.

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Critics argue the strategy leans heavily on unproven carbon capture technologies to justify emissions.

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Environmental groups express concern over the strategy's potential to exacerbate climate change impacts.

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A staggering 3 billion tons of emissions are expected from one LNG project over the next 50 years.

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Only a minimal portion of produced gas serves the domestic market, spotlighting export priorities.

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The Australian Conservation Foundation vehemently opposes the plan, labeling it a threat to climate progress.

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