Australian industry reliant on gas for ‘foreseeable future’, resources minister tells press club
Australian Resources Minister Madeleine King announced that the country will remain reliant on gas for the foreseeable future. A new national gas reservation scheme, starting in 2028, aims to lower domestic energy prices by requiring companies to reserve 20% of exports for local use.
Why it matters
Balancing energy exports with domestic affordability is a critical economic challenge for resource-rich nations transitioning to renewables.
The resources minister, Madeleine King, says Australian industry will be reliant on gas for the ‘foreseeable future’. Photograph: Lukas Coch/AAP The resources minister, Madeleine King, says Australian industry will be reliant on gas for the ‘foreseeable future’. Photograph: Lukas Coch/AAP Energy Australian industry reliant on gas for ‘foreseeable future’, resources minister tells press club Madeleine King says national gas reservation scheme, expected to come into effect from 2028, will reduce power prices
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Prefer the Guardian on Google The resources minister, Madeleine King, says Australian industry will be reliant on gas for the “foreseeable future”, and that the national gas reservation scheme will push down power prices.
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