Petroleum Legislation Amendment Bill 2020
12 Month Extension to Petrol Exploration and Production Being Put On Hold; Produced LNG Must Be Offered For Sale Domestically First
Status: Passed and signed off by the state Governor (Assented); It will now be law.
PIPE Bill ID # 5812
State / Territory: Victoria
Last Modified 23 June 2020
Links to Info on Official Parliament Websites:
Effects of Bill:
This bill being passed means that... Petrol produced from operations in Victorian waters must first be offered for sale in Victoria to Aussie companies on reasonable terms, and if there is not a buyer then the petrol can be offered to LNG exporters
This bill being passed means that... The Moratorium (hold) on petrol mining and production that was put in place from March 2017 to the end of June 2020 is being extended to the middle of 2021
News Articles, Admin Comments and Press Releases...
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