{
  "id": 14378394,
  "title": "Forcing gas producers to sell to Australia won't 'crash' prices, King says",
  "url": "https://urgent.news/2026/10/14/forcing-gas-producers-to-sell-to-australia-wont-crash-prices-king-says",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-14T05:34:59.000Z",
  "source": {
    "name": "ABC News AU",
    "slug": "abc-news-au",
    "url": "https://www.abc.net.au/news/2026-10-14/gas-reservation-wholesale-gas-prices-madeleine-king/107265038"
  },
  "original_language": "en",
  "account": "Resources Minister Madeleine King has introduced legislation to create a gas reservation scheme, aiming to create a modest domestic oversupply and prevent gas prices from crashing. The government's modelling is commercially sensitive, so the exact extent of the price reduction is not disclosed. The legislation would force gas producers to sell up to a fifth of their export-bound gas to Australia, setting a target of 110% of Australia's actual needs. The government hopes this will lower wholesale prices, benefiting consumers and supporting renewables, manufacturing, and home heating. However, industry warns that such a scheme could make future gas projects unviable and deplete long-term supply. The gas industry fears the plan might provide a short-term price relief but undermine the commercial viability of new investments.",
  "summary": "Burned once before on energy bill promises, the resources minister won't say what new gas reservation laws will do to wholesale gas prices, but promises they will cause downward pressure without crashing the market.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}