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politics1d ago
Labor urged to target gas exporters and bring in east coast reserve ‘right now’ as it weighs scheme’s design
- Australia weighs two gas reservation models that would boost domestic supply ahead of potential price reforms.
- Unions and manufacturers urge immediate action to reserve gas for domestic use, not just future projects.
- The first model would pair LNG exporters in Queensland with domestic gas obligations in exchange for export permits.
- The second model would require all gas producers to supply a certain volume to the local market.
- Labor is weighing a policy that could apply to existing contracts, not just new agreements.
- The government is studying export impact and domestic needs while considering global supply concerns.
- Australia’s move mirrors a Western Australian gas reservation that requires some LNG production to stay local.
- Labor faces pressure from Ed Husic, Greens, and unions to push for stronger domestic gas protections.
- Government aims to publish concrete policy details next week as it weighs the options.
- Industry groups call for an immediate, simple model to avoid protracted policy design.
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