Gas Reservation Promises Downward Pressure on Prices

Date:

A ship carrying LNG gas is seen at Rio Tinto’s Dampier Port in Karratha, Australia, on April 11, 2025. AAP Image/Lukas Coch12/21/2025|Updated: 12/21/2025Gas producers will need to set aside a portion of their supplies for domestic use under a national plan to ease shortages and exert “maximum downward pressure” on prices.Between 15 and 25 percent of gas will be reserved for Australian manufacturers, households, and electricity grid backup, with the exact proportion to be ironed out after consultation.Australian Associated Press is an Australian news agency.Author’s Selected Articles

spot_imgspot_imgspot_img

Share post:

More like this
Related

Michael Zwaagstra: Ford Government Should Get Serious About Education Reform

CommentaryWhile the summer is in full swing and most...

Week in Photos: Mount Etna Eruption, Mass Border Crossing, and Presidential Inauguration

|July 31, 2026Updated:July 31, 2026Firefighters of Paris Fire Brigade...

White House Says Iran Will Continue to Pay Amid Reports of New US Strikes

The White House warned Iran on Friday afternoon of...

Magnitude 4.7 Quake Strikes Near Italys Naples, Causing Outages and Damage

Emergency workers assist a resident as people prepare to...