Anyone would think that the Albanese government was actually planning a gas reservation policy.
As we know, the idiots have already gutted it by making all its supply provisions depend on ministerial decisions rather than statutory enforcement.
This change makes it functionally exactly the same as the existing Australian Domestic Gas Security Mechanism (ADGSM), which has never been used.
And, of course, by doing this, Albo’s dills have invited a ceaseless campaign to never see any new gas lever pulled, either.
48 hours ago, Chicken Chalmers was taking a golden shower in Tokyo.
Australian officials have launched a concerted effort to reassure Japan that a new gas reservation policy will not threaten LNG supplies, as one of the country’s biggest customers warns it will need to diversify its energy purchases.
Treasurer Jim Chalmers used a major Australia-Japan business gathering near Tokyo on Monday to promise executives that Australia would remain a dependable energy supplier, directly addressing concerns about Canberra’s plan to reserve 20 per cent of gas exports for domestic users.
20% of gas exports, excluding existing contracts, which means it is actually about 1%. But hey, AFR, piss all over us.
Today, it is China taking a whizz on you, again courtesy of the AFR urinal.
In a submission to the domestic gas reservation scheme’s exposure draft, the Australian Embassy of the People’s Republic of China cautioned the government against meddling too heavily with the local gas sector.
“We hope that the Australian government will make efforts to keep domestic gas prices at a reasonable level and moderately relax domestic supply obligations where appropriate,” the submission said.
“The Australian government has previously introduced a series of policy interventions in the natural gas sector. While these measures may have helped constrain domestic gas prices and support domestic supply in the short term, they have also affected investor confidence to some extent.”
China is a major importer of Australian LNG, with stakes in several large gas projects in Queensland and Western Australia.
And it takes the lion’s share of East Coast gas, which is the only reason any of this matters.
But guess what? We know Japan doesn’t need piles of Australian gas. It resells it. Now China does too! Note: YTD 2026 is only the first quarter.
That 1o00Pj last year is virtually the entire output of East Coast gas exports. IEEF estimated China resold 160 PJ last year from Australia.
That is, China is now using Australian floating reserves as its domestic gas reservation policy in the same way that Japan is.
Meanwhile, the lack of gas is the major reason that Australian industry has disappeared over the last decade.
And it’s the main reason utility prices and interest rates have spiked.
Japan, China and Canberra are giving you a gas golden shower.
MMM…warm.
