Jun 2, 2026 – 11.55amState-owned Korea Gas Corporation has contradicted the Albanese government’s claim that Labor’s proposed domestic gas reservation scheme will not impact long-term LNG sales contracts, saying it imposes “a direct obligation” on the world’s largest LNG buyer.The explosive comments from the South Korean government company reflect the huge concerns among Australia’s major resources trading partners about the plan to force LNG exporters to contribute to the domestic market the equivalent of 20 per cent of their overseas shipments.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Korea Gas accuses government of breaking pledge on LNG contracts
The Albanese government’s draft plan for gas reservation clearly conflicts with its assurance that long-term LNG sales contracts wouldn’t be hit, KOGAS Australia said.
TL;DRAI
Korea Gas disputes Australia's 20% LNG domestic reservation, saying it imposes direct obligation on long-term export contracts. The world's largest LNG buyer's pushback signals contract renegotiation pressure and supply-chain risk for Australian exporters amid shifting geopolitical leverage.
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