Gas Reservation Promises ‘Downward Pressure’ on Prices

Gas Reservation Promises ‘Downward Pressure’ on Prices
A ship carrying LNG gas at Rio Tinto’s Dampier Port in Karratha, Australia, on April 11, 2025. AAP Image/Lukas Coch
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Gas producers will need to set aside a portion of their supplies for domestic use under a national plan to ease shortages and exert “maximum downward pressure” on prices.

Between 15 and 25 percent of gas will be reserved for Australian manufacturers, households, and electricity grid backup, with the exact proportion to be ironed out after consultation.