In a recent address to the Petroleum Club of Western Australia, Premier Colin Barnett reaffirmed the state’s 15 per cent domestic gas reservation policy and underlined the importance of competitive gas prices for Western Australian industry and households.

DomGas Alliance chairman Tony Petersen said the domestic reservation policy was a key part of providing long term security to industry and households.

“Given the focus of major gas producers on LNG exports, it is vital that sufficient gas is made available to meet the state’s energy needs,” Mr Petersen said.

“I urge the Federal Government to support Western Australia’s efforts by putting in place a national gas reservation policy.”

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Mr Petersen said a national reservation policy would ensure domestic supply obligations are met from resource developments in offshore Commonwealth waters as well as those developed in Western Australian waters.

Mr Petersen commended the Western Australian Government for its initiatives to promote domestic gas supply, such as its decision to reduce royalty rates to encourage tight gas development.