Home/global/Gas companies will be forced to set aside local supply under major Labor shakeup

Gas companies will be forced to set aside local supply under major Labor shakeup

globalMay 7, 20261 min readAttributed summary
Gas companies will be forced to set aside local supply under major Labor shakeup
Albanese government announces east coast gas reservation policy, which will require producers to set aside 20% of export volumes
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Albanese government announces east coast gas reservation policy, which will require producers to set aside 20% of export volumes

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Gas companies will be forced to set aside 20% of exports for domestic users under a reservation scheme that the industry has condemned as a “heavy-handed intervention” that could undermine Australia’s status as a reliable trading partner.

The federal government announced the final model for the east coast reserve on Thursday, promising “downward pressure” on prices for households and businesses.

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Source: Guardian - World News

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