Aaaand…Albo sells out gas reservation
I did warn that the spineless dog would do this. The Albanese government is set to retreat from its demand that Australia’s gas exporters set aside a fixed 20 per cent of their supplies for domestic use and will instead require them to put “up to” one fifth of their production into the local market. The post Aaaand…Albo sells out gas reservation appeared first on MacroBusiness .
The Albanese government is set to abandon its demand for Australia's gas exporters to reserve 20% of their production for domestic use. Instead, they will now require exporters to put "up to" one fifth of their gas into the local market. The government will release draft legislation on Thursday outlining the revised gas reservation plan.
This change comes after the government delayed the scheme's start by six months, which it claims is necessary to "align with industry contracting cycles." The move has been criticized as a "garbage" decision that undermines the scheme's effectiveness and protection of domestic gas supplies.
Written by urgent.news from MacroBusiness's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
