The government has put gas producers on notice that export controls will be in place next year unless the industry can guarantee enough gas for local users.
The Albanese government has put gas producers on notice that export controls will be in place by the start of 2023 unless the industry can guarantee enough gas will be diverted toWarning that gas producers are suffering a decline in their “social licence”, Resources Minister Madeleine King on Monday announced the government is readying an initial step towards the first-ever use of the Australian Domestic Gas Security Mechanism .
“This is their opportunity to demonstrate that there won’t be a domestic shortfall next year,” said Resources Minister Madeleine King.If the minister carries out her threat, exporters will then be subject to government intervention next year to prevent uncontracted gas being shipped to customers in Asia.
Other changes announced by Ms King in response to the report include extending the ADGSM trigger from January to 2030, and renegotiating a heads of agreement with the industry that is due to expire at the start of 2023.
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