Bravo WA, the only state worthy of the name as it smashes the gas cartel with tougher domestic reservation:
The move will be announced on Thursday in the updated Domestic Gas Policy, which states new or expanding projects will be required to reserve 80 per cent of gas produced for the domestic market, which jumps to 100 per cent from 2031.
The Government will also enforce tougher “use it or lose it” provisions and take leases off companies if they go unused in an effort to help prevent land banking of onshore petroleum tenements.
…“Our gas belongs to Western Australians,” Mr Cook said.
…A 15 per cent reservation policy for offshore gas remains unchanged but Woodside has been put on notice, after Parliament’s Economics and Industry Standing Committee warned that non-compliance was “a serious threat” to the State’s economic performance.
After that February reprimand, Woodside agreed to double the domestic gas proportion of Pluto LNG through December 2025.
That’s smart. Open a brief window for exports to aid in the development of onshore gas fields, then shut it when they are up and running.
Don’t allow reserves to be monopolised.
And humiliate the laggards in the offshore reservation policy until they comply.
Why the $%^& isn’t the east coast doing all of the same to exactly the same companies?
Jim “chicken” Chalmers.
