Overview of BPH Energy's response to NSW legislation

BPH Energy (ASX: $BPH) is addressing the Environmental Planning and Assessment Amendment (Sea Bed Mining and Exploration) Bill currently before the New South Wales State Parliament. The company, along with other stakeholders, is evaluating the potential impact of the legislation on PEP 11, a project located beyond the 3 nautical mile limit off the NSW coast. BPH Energy emphasizes its commitment to complying with regulatory requirements and protecting the marine environment.

Executive commentary on PEP 11 and gas supply

BPH Energy acknowledges the jurisdictional complexities surrounding PEP 11 and the ongoing evaluation of the proposed legislation. The company is committed to adhering to regulatory processes and emphasizes the importance of gas supply in meeting energy demands. The Future Gas Strategy consultation and the recognition of gas as a complement to renewable energy deployment are key considerations for BPH Energy and its stakeholders.

Summary of BPH Energy's response and outlook

BPH Energy (ASX: $BPH) is actively monitoring the NSW legislation's progress and its potential impact on the PEP 11 project. The company, in collaboration with other stakeholders, is prepared to address any legal challenges that may arise from the proposed legislation. Additionally, BPH Energy recognizes the significance of gas supply in meeting energy demands and is aligned with the Future Gas Strategy's objectives. The company remains committed to complying with regulatory requirements and contributing to the secure and affordable energy supply in Australia.