Industry campaigns for gas reservation

The manufacturing sector has ramped up its push for gas reserves to be set aside, as it seeks to head off a surge in prices as gas exports from the east coast kick off next year.

The manufacturing sector has ramped up its push for gas reserves to be set aside, as it seeks to head off a surge in prices as gas exports from the east coast kick off next year.

A survey by Manufacturing Australia found 54 per cent support in setting aside gas for the domestic market. Gas reservation is opposed by explorers and exporters.

"Unrestricted gas exports will lead to gas price hikes for businesses and households, as well as putting at risk almost 200,000 manufacturing-reliant jobs," said Sue Morphet, the chairman of Manufacturing Australia. "Australians will be forced to pay one of the world's highest gas prices, despite having one of the world's largest supplies."

The group wants the roughly 700 petajoules of gas used each year by households and businesses to be excluded from export.

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