Where the bloody hell is the gas reservation policy?

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AGL Energy is the latest to warn that Albo’s gas dog’s breafast is delaying critical investment needed to prevent supply shortfalls later this decade.

Chief executive Damien Nicks said the absence of detail about how the scheme would operate was already affecting contracting and capital decisions, cautioning that ambiguity risked chilling new supply.

The federal government has proposed forcing Queensland’s three LNG exporters to divert 15–25 per cent of gas to the domestic market from 2027, as part of a broader effort to boost energy security and reduce prices.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.