Australia's gas reservation bill faces criticism over Santos exemptions
The federal governmentās draft gas reservation plan would require exporters to set aside up to 20 per cent of their production for the Australian domestic market.
Australia introduced a gas reservation bill requiring producers to sell up to 20% of export-intended gas domestically and targeting supply equal to 110% of actual needs. The scheme is expected to start in January 2028; Resources Minister Madeleine King says it will lower prices, while industry warns it could hurt investment and supply.
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- 20%
The federal governmentās draft gas reservation plan would require exporters to set aside up to 20 per cent of their production for the Australian domestic market.
3 of 3 sourcesāThe national gas reservation scheme will force gas companies to set aside 20% of exports for domestic useā
- 20%
The Gladstone LNG project exported gas equivalent to 20 per cent of eastern Australiaās domestic gas demand over the past 10 years.
āGLNG had sucked up and exported the equivalent of 20 per cent of eastern Australia's domestic gas demand over the past 10 yearsā