State Gas Limited ACN 617 322 488

Climate Impact & Sustainability Data (2022)

Initiation of carbon management project with Rockminsolutions Pty Ltd to investigate CO2 sequestration potential using basalt strata.

Limited engagement with local groups due to COVID-19 restrictions, but maintained contact with stakeholders including landholders and cultural heritage custodians.

Formation of a Remuneration Committee during the financial year to review and determine remuneration policy and structure.

Short-term Goals:

Technical issues and weather affecting consistent gas production at Reid’s Dome.
Access to funding for growth aspirations.
Increasing regulation and costs associated with climate change.
Operating hazards resulting in potential harm to people or communities.
Significant regulatory change impacting financial and operational aspects.
Land access negotiations with landowners and stakeholders.

Trialled options to resolve technical challenges at Reid’s Dome; further work required.
Proposed CNG "virtual pipeline" to generate revenue and offset external funding requirements; prudent expenditure monitoring.
Initiated a decarbonisation project; focus on improving energy efficiency and emissions management.
Developed detailed health and safety management plans and rigorous processes.
Actively monitors regulatory and public policy developments; engages with government and industry bodies.
Engages with landholders and stakeholders early to develop mutually beneficial partnerships.