Shell calls Australia's gas reserve plan a 'sledgehammer' that risks market failure

‘Failure’: Gas giants turn on Labor over reservation scheme

Global energy giant Shell has slammed the Albanese government’s proposed east coast gas reservation policy, likening it to using a ‘sledgehammer to crack a nut’ for an already functional market.

Shell calls Australia’s gas reserve plan a ‘sledgehammer’

The government will introduce legislation in Parliament to implement its new domestic gas reservation policy, which aims to address supply shortfalls and bring down energy prices.

Shell calls Australia's gas reserve plan a 'sledgehammer' that risks market failure

Energy major Shell on Tuesday criticised the Australian government's plan to force liquefied natural gas producers to reserve a portion of their output for ​domestic use, calling it a "sledgehammer to crack a nut" for an already ‌functional market.

Gas shortage culprit to slip through reservation 'loopholes', say critics

Industry players say draft gas reservation plans are full of carve-outs that will let a venture many blame for rising prices off the hook.

Shell Challenges Australia’s Proposed Domestic Gas Reservation Scheme

The plan would require LNG exporters to supply up to 20% of export volumes to domestic customers, while Shell warns the policy could weaken investment in long-term gas projects.