Australia sets up fight with Santos over gas reservation plan
The Australian government's draft framework would require gas producers to supply 20% of their exports to the domestic market. The gas lobby argues the rule will 'undermine' the industry. The plan sets up a tension between local supply security and the sector's export interests.
According to ABC News Australia, the government's draft framework would require gas producers to supply 20% of their exports to the domestic market. The measure aims to secure local energy supply.
Lobby groups representing the gas sector argue the rule would 'undermine' the industry by hurting investment and export revenue. A tension is expected between major producers such as Santos and the government.
The plan reflects a search for balance between price and supply security at home and companies' international sales interests. The draft's final form will depend on the consultation process and the sector's response; this content is not investment advice.
More from Australia-Pacific
Fisher & Paykel Healthcare reports a 24% rise in profit
New Zealand-based medical device maker Fisher & Paykel Healthcare reported a 24% rise in annual profit. Demand for respiratory and hospital-care products supported the growth. The results point to a strong performance for one of the country's leading listed companies.
Aspiration has changed since the Howard era. This budget is finally catching up
Treasurer Jim Chalmers's 2026-27 budget proposes a sweeping reorientation of housing, childcare and education incentives. According to ABC analysis, the budget breaks with the middle-class identity of the John Howard era and refocuses on a younger generation of renting voters.
Will drastic NDIS overhaul repeat the mistakes of the past?
Australia's planned overhaul of the National Disability Insurance Scheme is raising fears that the cuts could repeat the mistakes of the 1980s deinstitutionalisation wave. Advocates and health experts warn sudden changes could leave a serious care gap.