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Cook Urges Federal Gas Reservation and Defends Japan’s LNG On-Selling

It comes as Canberra’s six-month domestic energy review weighs a supply-set-aside model for east coast users.

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Overview

  • Since 2006, WA’s 15 percent domestic reservation has driven down local gas prices by mandating set-aside supply for households and businesses.
  • In Tokyo, Cook told officials that Australian LNG exports and planned green hydrogen ventures are essential for Asian economies shifting away from coal.
  • Institute for Energy Economics and Financial Analysis data shows Japanese firms re-exported 11.3 to 14.7 million tonnes of Australian LNG last year, exceeding the east coast grid’s annual demand.
  • Cook rejected criticism of Japan’s on-selling, calling it a standard business practice that channels fuel to nations less able to transition quickly from coal.
  • Climate scientist Bill Hare argues there is no scientific basis for claims that maintaining gas exports is critical to a clean-energy transition.