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Australian government advances plan for a 20% domestic gas reserve

Australia’s Labor government is pressing ahead with plans to create the country’s first domestic gas reserve. Federal Energy Minister Chris Bowen announced a legislative package on Thursday aimed at easing soaring energy costs for business and households.

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01:03:24 AM UTC
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Australian Government Advances Plans to Establish 20% Gas Reserve

Australia's Labor government is moving ahead with plans to create the country's first domestic gas reserve, aiming to ease the rising cost of energy for business and households. Federal Energy Minister Chris Bowen on Thursday announced a legislative package that will establish the reserve.