Senator the Hon. Tim Ayres - Press Conference
9 September 2026
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Press Conferences Australian Parliament
07:53 - 09:34
Speaker 1
Good to go, folks? Cam's good? Yep. Good morning. Thanks for coming.
Australia is the only gas exporting country in the world without some form of a gas reservation policy. Australians have been asking the question for many years: how can Australia have so much gas and yet our experts forecast gas shortages for industry? And Australians are right about that. For too long, Australia's been in the perverse situation that despite being one of the world's largest gas producers, we've faced years of projected gas shortages and price shocks at home. When we came to office, the price of gas was over thirty dollars a gigajoule.
But gas prices and scarcity of gas isn't good for renewables, it's not good for our nation. Let's be frank, this problem has been around for many decades under governments of all persuasions. It hasn't been good enough. But it's the Albanese government that will fix it.
Today, we're taking the next step in a landmark economic reform. One that secures Australian gas under Australian waters, under Australian soil, for Australian industry and Australian households. This is a policy long overdue, but one that we will get on and implement. Now, we've engaged in months of detailed conversations and consultations. We first announced this policy last December, and we made clear that this was in many senses a deeply complicated policy to make sure we get right.
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