Reserving Curtis Island LNG for domestic use would lead to higher prices, Santos chief executive David Knox says.
Reserving Curtis Island LNG for domestic use would lead to higher prices, Santos chief executive David Knox says.

Keeping LNG for domestic use would push up prices: Santos

SANTOS chief executive David Knox says any effort to reserve a set level of LNG for domestic use would be counter-productive.

Santos is developing the GLNG project on Curtis Island.

"Let me make this quite clear to those claiming Australia does not have sufficient gas for both a domestic and export market. Gas in Australia is abundant," Mr Knox said on Monday.

"Based on projected demand, Australia has more than 50 years of known gas reserves and resources to support both domestic and export markets.

"A gas reservation policy will create market distortions, inefficiencies and would lead to a shortage of gas in Australia, and ultimately higher prices than otherwise."



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