The ‘Gas Market Review Report’ released on 22nd December 2025

Posted by Paul McArdleMonday 22nd December 2025  11:15 AM   Topic: 2025-12-22

It’s Monday 22nd December 2025 and the Federal Government has released it’s much-awaited Gas Market Review report:

2025-12-22-GasMarketReview-Report-CoverPage

 

Minister Madeleine King published the media release ‘Affordable gas for Australian homes and businesses’ which includes the punch line:

‘The scheme will require exporters to reserve between 15 and 25 per cent of gas production for the domestic market, with the required proportion to be settled after the forthcoming consultation.’

… and …

‘Principles that will guide detailed design include:

(a) Existing contracts should be respected – both domestic and international contracts. Any contracts in place before today’s announcement will be considered existing contracts. Any contracts signed after today’s announcement will not be considered existing contracts.

(b)  The reservation scheme should have capacity to be national in scope, working in tandem with federal, state and territory gas market mechanisms.

(c)  The reservation scheme is intended to commence in 2027.

(d)  The reservation scheme should increase domestic supply as existing contracts expire, to drive downward pressure on price.

(e)  Under the preferred export approval model, exporters will need to meet domestic supply obligations first

(f)  Producers should have flexibility to meet domestic and export obligations through a variety of standard commercial/market-based arrangements, including contracting with exporters or domestic producers so long as supply obligations are met.

(g)  The reservation scheme should encourage long term domestic gas supply contracts to support investment decisions which rely on gas as an input, including C&I users and supporting gas infrastructure providers.  

(h)  The reservation scheme should provide long term certainty for commercial production and investment, including by clearly setting domestic supply requirements well in advance of establishment and minimise impact on Australia’s LNG trade partners and their energy security. ’

 

 

 

More to come … time permitting…

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About the Author

Paul McArdle
Paul was one of the founders of Global-Roam in February 2000. He is currently the CEO of the company and the principal author of WattClarity. Writing for WattClarity has become a natural extension of his work in understanding the electricity market, enabling him to lead the team in developing better software for clients. Before co-founding the company, Paul worked as a Mechanical Engineer for the Queensland Electricity Commission in the early 1990s. He also gained international experience in Japan, the United States, Canada, the UK, and Argentina as part of his ES Cornwall Memorial Scholarship.

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