The Albanese government is set to retreat from its demand that Australia’s gas exporters set aside a fixed 20 per cent of their supplies for domestic use and will instead require them to put “up to” one fifth of their production into the local market.
The government will on Thursday release draft legislation of the closely watched gas reservation plan, which it originally said would permanently solve domestic supply issues by forcing exporters to sell a full 20 per cent of their gas locally.
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