5gas shortfalls
Ms Boele, pursuant to notice, moved—That this House:
(1)notes that:
(a)south-east Australia is at risk of seasonal gas shortfalls by 2027 as a result of prioritising our export market;
(b)there are several reasons for this upcoming shortfall, including:
(i)gas exports commenced from Gladstone, Queensland in 2015;
(ii)within a decade, 75 per cent of the total east coast gas volume demand was being exported; and
(iii)since 2017, successive Commonwealth Governments have introduced overlapping, interim measures to avert shortfalls;
(c)in June 2025, the Government announced it would conduct a review into gas market regulation; and
(d)Australians deserve, and it should not be difficult to achieve, a sufficiently predictable, reliable, affordable and transparent market; and
(2)calls on the Government to:
(a)only allow uncontracted gas to be exported after it has been offered to the domestic market at a reasonable price;
(b)end the cycle of changing government and regulator intervention in the gas market;
(c)conduct a thorough consultation process with key stakeholders for the purpose of reviewing the Future Gas Strategy, including to more deeply consider the impact of different gas users across the economy, the role of demand management and Australia’s climate change policy commitments;
(d)establish a clear framework for the deployment of gas in the transition to a net zero economy, to give suppliers, investors, and large gas users the confidence to invest in clean technologies and infrastructure; and
(e)anchor the approach to gas market regulation in two key objectives:
(i)impose an ongoing obligation on LNG exporters to supply the domestic market, by embedding it in their export licences; and
(ii)improve transparency, by transferring the gas market monitoring role from the Australian Competition Consumer Commission to the Australian Energy Regulator, with a requirement to regularly aggregate and publish price and contract terms, and market imbalances.