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Coalition demand changes to Labor’s gas reserve plan

Published by Australian Financial Review · Australia 8 h ago
Coalition demand changes to Labor’s gas reserve plan
Australian Financial Review

Detailed summary

Labor could be forced to make key changes to secure Coalition support for its plan to reserve up to 20 per cent of export gas for domestic use.

The Albanese government could be forced to water down new laws aimed at forcing gas exporters to set aside a portion of their exports for domestic use after the Coalition said it would not support the rules without changes to boost future gas supplies.

The scheme, which would require Australia’s biggest gas exporters to direct up to 20 per cent of their supplies into the domestic market, is designed to stave off shortfalls forecast around the end of the decade and to decrease gas prices for big manufacturers.

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