Gas reservation is a pipe dream

A federal study into eastern Australia's gas market flags a risk that domestic gas prices may overshoot export parity levels. It delivers a clear message to the manufacturing sector: forget about a national gas reservation policy.

A study of the east coast’s gas markets was slipped out without fanfare by the federal Department of Industry on the Friday after New Year’s Day, and it deals with some pretty meaty topics.

It has sent the beleagured manufacturing sector a blunt message: at a national level, you can forget about a gas reservation policy, something factory people have been rather strident about for many months.

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