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AAP
AAP
Business
Poppy Johnston

Gas reservation promises 'downward pressure' on prices

The federal government has announced a national gas reservation scheme. (Lukas Coch/AAP PHOTOS)

Gas producers will need to set aside a portion of their supplies for domestic use under a national plan to ease shortages and exert "maximum downward pressure" on prices.

Between 15 and 25 per cent of gas will be reserved for Australian manufacturers, households and electricity grid backup, with the exact proportion to be ironed out after consultation.

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