Gas reservation laws won't cause wholesale price 'crash', King says

Madeleine King says the government has struck a careful balance in its bid to push down wholesale gas prices while keeping the sector profitable. ( ABC News: Matt Roberts )

The resources minister has declined to detail how far she expects gas prices to fall under a proposed reservation law, saying the government's modelling is commercially sensitive.

Madeleine King has introduced legislation to create a gas reservation scheme she says will create a "modest" domestic oversupply.

The Coalition has indicated it will work with the government to pass the laws, but says questions remain about how future supply and investment will be assured.

Link copied Share Share article The resources minister says gas prices will not crash under national reservation laws, but refused to say how much they will fall as the industry warns the government is pushing too hard.