LNG exporters will have to save 20% for domestic users ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Finally, Australia has a plan to reserve some of its gas for domestic users.

Described as a “structural shift” in the east coast gas market, the federal government’s new policy will require export giants to hold back 20% of gas for domestic use from mid-2026.

This will bar export companies from the often-lucrative global spot market until they have met domestic requirements.

As Kevin Morrison explains, manufacturers are happy, saying affordable gas is essential for investment. The gas industry is predictably displeased, saying the change is “not justifiable”. And environmentalists are still fuming that the government has ruled out a 25% tax on gas exports.

Miki Perkins

Environment & Energy Editor

 

Australian gas exporters will be forced to set aside local supply for domestic users

Kevin Morrison, University of Technology Sydney

The long-awaited gas reservation plan is expected to lead to a 'modest' oversupply in the east coast gas market.

Iran wants oil tariffs paid in Chinese yuan – is the power of the US petrodollar in decline?

Chris Ogden, University of Auckland, Waipapa Taumata Rau

Iranian tariffs in the Strait of Hormuz may change how oil is traded and priced, with implications for currencies, alliances and global economic power.

Grattan on Friday: The Farrer result will set off a willy willy. The budget already has

Michelle Grattan, University of Canberra

Willy willies, those small tornado-like dust storms often seen in the outback, will pop up all over the political landscape in the next week. Watch out for spin.

Family and business trusts could soon have to pay more tax – with a few likely exceptions

Donovan Castelyn, University of Tasmania

More than 1.8 million Australians earn money from trusts, which can be legally used to reduce people’s tax bills. There may be changes coming in Tuesday’s budget.

I’ve investigated a hantavirus outbreak. Here’s what I can tell you about the cruise ship cluster

Craig Dalton, University of Newcastle

Is hantavirus being transmitted from person to person? Here’s what investigators need to consider before making that call.

Russia doesn’t have much to celebrate on Victory Day, as Ukraine brings the war home to Putin

Jon Richardson, Australian National University

Putin is under growing pressure at home as Ukraine continues to strike far inside Russia and more critics are voicing discontent with the war.

Choosing a high school can seem enormous. How do you know if one is right for your child?

Tania Leach, University of Southern Queensland

The choice about high school can be fraught. Here are some questions to ask a potential new school.

From fossicking for fossils to a champion for life on Earth: Sir David Attenborough at 100

Euan Ritchie, Deakin University

David Attenborough has captured and told the stories of nature to millions of people, and inspired scientists and conservationists the world over.

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Show some spine
“I agree with Stuart Kennedy [Your Say, May 7] regarding Albanese's poor-spirited leadership. His heart is in the right place; his moral compass is good, but where is his drive, a strength so necessary for a leader? The Labor Party far outweighs any opposition potential, so please Mr Prime Minister, show some spine.”
Jennie Clarke, Lindisfarne TAS

Don’t cut what works
“As a psychologist who sees clients through the NDIS, I have clients with mental health disorders who have previously been helped enormously by attending equine therapy. Horses are known to be able to respond to human emotions, particularly distress, and many people have been supported through access to horses, even to the point of saving their lives. Now they do not have this type of therapy. I realise there are many calls on financial aspects of our life in Australia, and that there has been financial immorality in terms of rorting. But the positive supports for genuine clients has now been reduced for a large number of people. I would like to request that this be considered, and perhaps changed.”
Lesley Adamson

Careful what you wish for
“The Trump government promotes a 'might is right' stance.Trump himself has urged Americans to 'take back their country', while Pete Hegseth prays for 'overwhelming violence of action against those who deserve no mercy'. After the recent incident at the White House Correspondents' Association dinner, maybe the Trump administration should be more careful what they wish for.”
Merv Robbins, Coburg

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