Foreign oil and gas giants that have invested in Queensland’s $80 billion LNG export sector could be saddled with individual obligations to supply local customers under the domestic gas reservation scheme proposed by the Albanese government.
The prospect of the likes of Korea Gas Corporation, China’s Sinopec and France’s TotalEnergies being forced to supply domestic gas has appalled the companies and has become a major point of contention as consultation ramps up about the gas reserve plan, according to industry sources.
