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Dutton unveils plan to force more gas into Australian market and expand production in major pre-election pitch

Queensland's LNG sector sells gas under long-term contracts and to domestic buyers, with a proposed scheme to reserve 50 to 100 petajoules of uncontracted gas for domestic use each year, meeting 20% of demand on the eastern seaboard.
Dutton plans to reduce gas prices to $10 per gigajoule from the current $14, aiming for lower power bills.
The proposed gas reservation has sparked backlash from the gas industry, which warned it could deter new investments needed for gas supplies.
Experts doubt the feasibility of lower gas prices, citing steadily increasing production costs and market dynamics.

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Australian Financial Review

Lean Right

No savings estimate for consumers from Dutton’s gas plan

Gas producers would be hit with financial penalties if they refused to divert more uncontracted gas to the domestic market, the Coalition has confirmed.

1 day ago·Sydney, Australia

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The Conversation

Center

Dutton unveils plan to force more gas into Australian market and expand production in major pre-election pitch

A gas reservation scheme could help to ease supply concerns in Australia, but expanding gas production is a folly.

2 days ago

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7NEWS Australia

Lean Right

Peter Dutton reveals gas plan could come into effect this year

‘Most households will find they aren’t getting as much of a benefit as they are being told.’

2 days ago·Australia

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SBS News

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Peter Dutton pledges more gas, lower power bills in Coalition budget reply

Prime Minister Anthony Albanese dissolved parliament less than 12 hours after Opposition Leader Peter Dutton handed down his budget reply, outlining the Coalition's election agenda.

3 days ago·Sydney, Australia

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Sydney Morning Herald

+2 Reposted by 2 other sources

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‘Hard to see how lower pricing will emerge’: Experts doubtful of Dutton’s gas plan

The opposition leader claims his plan will deliver enough gas locally to swiftly cut the wholesale price of $14 a gigajoule to $10.

3 days ago·Sydney, Australia

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ABC Australia

Lean Left

Experts poke holes in Peter Dutton's gas plan, saying 'the horse has bolted'

Experts say the time to establish a gas reservation policy has passed, and plans to bring more gas online are years away and will fail to provide immediate relief to power prices.

3 days ago·Australia

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