Tuesday 17 May 2016

Gas exporters would have to pass 'national interest test' under Labor plan

Shadow treasurer, Chris Bowen, says local manufacturers are being crushed because they’re failing to secure reliable gas supplies at competitive prices

Labor plans to introduce a “national interest test” for all energy companies that want to expand their export facilities to sell more of Australia’s natural gas overseas.

The shadow treasurer, Chris Bowen, says local manufacturers are being crushed by the current regime because they’re failing to secure reliable gas supplies at competitive prices, forcing many local businesses to close down while household prices are being pushed up.

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