Gas robber barons have easy answers

Tuesday 14 July 2026

Still more gas parasitism today.

Santos has taken aim at Chris Bowen’s domestic gas reservation scheme for deliberately causing harm to its GLNG export venture, while also kneecapping its $4bn Narrabri gas field development in NSW.

The criticism came as SGH boss Ryan Stokes called on the government to delay the reservation scheme until 2030 over fears local producers may not survive.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.