Jul 12, 2026 – 4.00pmThe inefficient merry-go-round of gas supply envisaged under Labor’s reservation scheme has been exposed by Queensland junior Comet Ridge, which aims to take advantage of the distorted market to get its $350 million Mahalo project off the ground.Managing director Tor McCaul said the way the scheme has been designed would have unintended consequences that create significant inefficiencies in gas supply on the east coast.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Labor’s gas policy ‘distortions’ hand $350m project unexpected edge
Comet Ridge’s Tor McCaul said that unintended consequences of Labor’s gas scheme would benefit the Queensland junior’s Mahalo project.
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