Gas companies will be forced to set aside local supply under major Labor shakeup

Albanese government announces east coast gas reservation policy, which will require producers to set aside 20% of export volumes

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Gas companies will be forced to set aside 20% of exports for domestic use under a reservation scheme designed to shore up supplies and bring down prices for households and businesses on the east coast.

The federal government announced the design of the reservation scheme on Thursday as part of a wider overhaul of the mechanisms regulating the gas sector.