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Gas reservation policy announced

THE state government last week announced its domestic gas reservation policy, which designates the equivalent of 15 per cent of gas available from any future offshore development for domestic use. Premier Alan Carpenter said the 15 per cent figure reflected current estimates of future domestic gas needs, estimated gas reserves and forecast Liquefied Natural Gas export production. The policy was developed by the government to secure WA’s long-term energy needs, and will allow producers to trade domestic gas commitments between projects.

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