Coal news and updates

Government acts to boost local gas supply

The federal government will extend the life of the so-called gas trigger until January 2030 as it seeks to shore up supply for the domestic market.

Following the regulations being put in place to extend the Australian Domestic Gas Security Mechanism (ADGSM) , Resources Minister Madeleine King will issue a notice of intent to use the trigger in 2023.

"These measures announced today will safeguard Australia's energy supplies," she told reporters in Canberra on Monday.

"They are designed to work hand in glove with work being done by the energy ministers."

Ms King said after the notice of intention is released, gas producers will have the opportunity to provide information on gas production, plant export volumes and the market outlook.

"This is their opportunity to demonstrate that there won't be a domestic shortfall next year," she said.

There will be a further review of the mechanism, which was due to expire in January 2023, in 2025.