Luke Grant is joined by Senator Rex Patrick, Senator for South Australia – Centre Alliance, who is actively negotiating for a national gas reservation policy to be introduced to safeguard domestic supplies here in Australia.

 

It’s said that every major gas producing nation in the world has some form of gas reservation policy, or laws aimed at ensuring local industry and consumers are not disadvantaged by gas exports.

 

Although schemes introduced by governments across the world vary in method or approach, the goal is common… to ensure the national advantage of relatively affordable gas is not wiped out through export links to the global price.

 

However, the institute for energy economics & financial analysis has warned that Australia could be in the position of using imports to supply 90% our gas in three years.