Options for a prospective national gas reservation scheme: issues paper

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Overview

The Australian Government is committed to exploring options for a prospective national gas reservation policy.

This aims to ensure Australian gas users get the energy they need at a reasonable price.

Our department is consulting with stakeholders to develop options.

Issues paper

Our issues paper [1.1MB PDF] [471KB DOCX) considers:

• the outlook for Australian gas markets
• the importance of gas to Australian trade and investment
• the importance of gas to Australian industry
• other jurisdictions’ approaches to gas market intervention

What happens next

The Minister for Resources, Water and Northern Australia will consider a draft options paper in December 2020.

Related

• Gas reservation issues paper - October 2020 1.1 MB (PDF document)

• Gas reservation issues paper - October 2020 470.5 KB (Office Word 2007 XML document)

• The Australian Government announced measures to deliver affordable, reliable gas on 6 August 2019

• The Prime Minister reiterated the commitment to explore options for a prospective national gas reservation policy on 15 September 2020

• The Australian Domestic Gas Security Mechanism (ADGSM) is in place to ensure sufficient supply of natural gas to meet forecast needs

• See the 2019 review of the Australian Domestic Gas Security Mechanism