Politics Now Can Albo fix our 'messy' gas market?
Jul 1, 2025
Mel Clarke, a political correspondent for ABC Radio National Breakfast, joins the discussion on Australia's gas market and rising energy costs. They analyze Anthony Albanese's recent measures and the challenges of a gas shortfall. The duo delves into the complexities of current regulations, questioning whether proposed gas reservation schemes can resolve the scattered framework. They also explore the government's messaging difficulties and the intriguing dynamics of Australia’s diplomatic relations with the U.S., particularly concerning defense and trade.
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Gas Shortfall Risks Ahead
- Australia's East Coast gas supply faces a looming shortfall that may become critical in a few years.
- Current pipeline and production limits constrain supply, but immediate shortages for consumers this winter are unlikely.
Gas Reservation Policy Potential
- The government review of gas market rules opens the door to a gas reservation policy.
- Such a policy would keep a portion of gas production for domestic use to control prices.
Gas Industry's Mixed Reaction
- The gas industry resists regulatory change due to fears of sovereign risk.
- However, industry recognizes increasing governmental pressure for reform and is participating in rule rewrites.