Firms hanging by ‘the skin of their teeth’ amid gas reservation delays

Detailed summary

Manufacturers, unions and industry leaders say jobs will be at risk if Labor and the Coalition cannot agree on a gas reservation scheme to lower energy prices ...

Manufacturers, unions and industry leaders say jobs will be lost and companies will go under if Labor and the Coalition fail to pass a gas reservation bill aimed at lowering the price of energy, as the resources minister challenged the Coalition and the Greens to back the policy to guarantee cheaper gas.

The scheme to require Australia’s biggest gas exporters to direct up to 20 per cent of their supplies into the domestic market hangs in the balance as Labor and the Coalition wrangle in the next fortnight over sticking points including ministerial control and a “must-sell” requirement on gas producers.

Opening of the article, excerpted from Australian Financial Review. To read the rest, open the article on the publisher's site.