The Morrison Government is already backtracking on their promise to follow Labor’s calls and deliver a gas reservation for Australia.
Rather than send a clear signal that they will deliver a gas reservation to bring gas prices down and secure supplies for Australian users, the Morrison Government’s Gas Reservation discussion paper highlights that no decision to implement a reservation has been made, and instead has argued that a gas reservation could “create greater risk and uncertainty for future gas projects”.
Rather than making a clear commitment to a gas reservation, the Morrison Government points to the Australian Domestic Gas Security Mechanism – export controls they have available to them but have never used – and a non-enforceable agreement with gas exporters.
Australia is the worlds largest gas exporter, but Australian users still struggle to secure affordable long term supplies, and according to the ACCC are still paying more than overseas customers for Australian gas.
Labor supports the Australian gas sector and recognises the important role it plays.
Labor has long argued for real policies to secure affordable gas for Australian users, including triggering export controls, a price trigger for export controls, and an Australian gas reservation policy.
The fact is the Morrison government won’t deliver affordable gas for Australian users, because they don’t know how to deliver.
Their gas policy, just like everything else, is all announcement and no delivery.