Gas companies will be forced to set aside local supply under major Labor shakeup
by Dan Jervis-Bardy from World news | The Guardian on (#75EYF)
Albanese government announces east coast gas reservation policy, which will require producers to set aside 20% of export volumes
Get our breaking news email, free app or daily news podcast
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.
Continue reading...