Opposition wants fracking moratorium extended to 2020

The Victorian opposition has said a current ban on fracking should be extended until at least 2020, raising concerns from the state’s industry.

The ABC reports that the current moratorium on unconventional gas exploration and production will finish at the end of the year, with the delivery of a parliamentary inquiry report.

An auditor-general report into coal seam gas has found there are problems with applying current resources laws to unconventional gas.

"The findings of the auditor-general support our view that the case for an expansion of the commercial unconventional gas industry in Victoria has not been made," said Matthew Guy, the opposition leader.

The Australian Industry Group’s Victorian director Tim Piper said the state had a lack of gas being supplied, and both sides opf politics understood the price pressures would have an effect on employment and large-scale users.

"We have been asking both parties to consider removing the moratorium and both parties understand the implications of not removing it, in that gas is going to become very expensive," Piper told The Australian Financial review.

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