Labor wants its 20 per cent gas reservation scheme to apply nationally. What does that mean for WA?
The Albanese government has proposed a national gas reservation scheme requiring LNG exporters to reserve 20 percent of their production for domestic use. This move has raised concerns among West Australian companies, which currently operate under a 15 percent reservation policy. The federal government assures that the new scheme will not adversely affect WA's existing arrangements.
- ▪The draft framework for the gas reservation scheme was released by the Albanese government.
- ▪WA currently has a 15 percent gas reservation policy for domestic supply.
- ▪The new national scheme is set to come into effect from July next year.
Opening excerpt (first ~120 words) tap to expand
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.