Labor's gas reservation too little, too late (Leithvo)

This interview with Trent Nikolic at Radio 2GB evaluates Labor's inadequate gas reservation policy, announced on Monday.



The problem is that this policy does not modify existing contracts and only comes in for new projects, or contracts, going from 2027 onwards. Existing contracts go up until 2030. Leith wants the present pool of uncontracted gas, that does exist, and now gets sold overseas, put into the domestic market to increase demand and lower prices. The high gas price also impacts electricity prices. This deal does next to nothing to change the present disastrous situation that is crushing local business and industry.  

[Posted at the SpookyWeather2 blog, December 23, 2025.]