Those conditions include a process to consult with First Nations, a plan for wastewater disposal and credible information about the impacts fracking has on health, water and the environment, Brian Gallant said Thursday.
"We have been clear from Day One that we will impose a moratorium until risks to the environment, health and water are understood," Gallant told a news conference in Fredericton.
"We believe these conditions to be very reasonable.
Gallant said he also wants the development of a royalty structure and a "social licence" ensuring that the public accepts fracking before the moratorium would be removed, though he acknowledged that has yet to be defined.
He said his government supports job creation but added that it needs to be done in a diversified and sustainable way.
"We're not interested in putting all of our eggs in a single basket," he said.
A number of companies are currently exploring for shale gas in the province and Corridor Resources recently fracked wells in the Penobsquis area that are used to supply gas to the nearby Potash Corp. mine.
Gallant said such operations would be allowed to continue under the legislation, as long as they don't rely on fracking.
"We'll certainly also always listen to businesses that may have concerns and try to mitigate some of the impacts if they believe (them) to be negative on their operations," he said.
Nova Scotia, Quebec and Newfoundland and Labrador have also passed moratoriums on fracking, though they vary in scope.