Australian industry reliant on gas for ‘foreseeable future’, resources minister tells press club

Madeleine King says national gas reservation scheme, expected to come into effect from 2028, will reduce power prices

• Follow our Australian politics live blog for latest updates

• Get our new political email, free app or daily news podcast

The resources minister, Madeleine King, says Australian industry will be reliant on gas for the foreseeable future", and that the national gas reservation scheme will push down power prices.

But the Western Australian MP did not put a price tag on the cost of gas under the proposal- as the former opposition leader, Peter Dutton, once did - nor predict when households and businesses would start to see that financial relief.