Tag #Australian Gas Policy

What are the immediate consequences of Peter Dutton's proposed gas reservation policy for Australian consumers and the energy market?

Peter Dutton, the Opposition Leader, proposed an "Australian gas for Australians" scheme to curb gas exports and ensure cheaper prices for domestic consumers. This involves reserving 50-100 petajoules of uncontracted gas annually from Queensland's LNG ventures, enough to meet 20 percent of the eastern seaboard's demand. The plan also includes investing $1 billion in new gas pipelines and storage.