News

Tue Dec 30

Albanese government announces gas reservation plan to address supply and price

Written by Michelle Grattan, Professorial Fellow, University of Canberra

The federal government has announced its much-anticipated gas reservation scheme, to provide security for Australia’s domestic supply and put downward pressure on prices.

The scheme, working though permits, will only affect new contracts. Although it will apply to all new contracts from now, the plan will not begin operating until 2027....

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