Labor introduces bills to create National Gas Reservation Scheme

Key points

• The Federal Government has introduced legislation to create the National Gas Reservation Scheme, which it describes as a landmark moment and Australia's first national gas reservation scheme.
• Resources Minister Madeleine King says the aim is to secure gas for domestic and business use at fair prices.
• The bills include a reservation figure equal to 20 per cent of export volumes, changes made after consultation, and the removal of the Australian Domestic Gas Security Mechanism.