Prime Minister Anthony Albanese has praised Western Australia’s domestic gas reservation scheme and says his government already has the power to force producers to sell to the local market on the east coast.
As the government prepares to review Australia’s energy system, including the viability of an east coast reservation, Albanese told a cabinet meeting in Perth on Tuesday that WA had shown foresight to require gas producers to quarantine a portion of what they producde for domestic use.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.