Gas companies operating on Australia's east coast will be required to set aside 20% of their export volumes for domestic use under a new federal scheme aimed at stabilising supplies and reducing energy prices for households and businesses. The policy, set to commence on 1 July 2027, mandates that companies demonstrate to the federal resources minister that they have fulfilled their domestic supply obligations before they are granted permits to sell gas on the overseas spot market.
Victoria Approves New Gasfield Project
In a separate development, the Victorian state government and the federal government have jointly approved the production licence for Amplitude Energy's Annie gasfield project, located near the iconic Twelve Apostles. The project is expected to begin gas production by 2028. However, environmental groups have strongly criticised the decision, arguing that it will exacerbate climate change and threaten a pristine marine environment. They warn that the project undermines efforts to transition to a safe climate future.
Other Top News
- Cricket star David Warner has been described as 'foolish' and 'reckless' by his lawyer in connection with a drink-driving incident.
- Several states are experiencing snowfall as a polar blast chills southeastern Australia.
- Argentina is racing to identify the origins of a hantavirus outbreak on a cruise ship, with reports that some passengers have returned to the United States.
- An alleged suicide note written by Jeffrey Epstein has been unsealed by a federal judge.
- ARN has reported a $22 million drop in advertising revenue attributed to the content of the Kyle and Jackie O Show.
- A change in Sportsbet policy has drawn scrutiny over gambling links involving AFL identities.
In Pictures: New Zealand's Braided Rivers
Fish are disappearing from the Rakaia River in New Zealand, one of the country's largest braided river systems. The river originates in the Southern Alps and flows 150 kilometres to the Pacific Ocean. New Zealand is grappling with the challenge of protecting these unique ecosystems.
Film Director Phillip Noyce on Saudi Project
Acclaimed Australian film director Phillip Noyce has described his latest project, a feature film shot in Saudi Arabia, as 'gritty and raw and shot entirely in Arabic'. The film, titled The Watchful Eyes, portrays Saudi narcotics officers as heroes and is based on a real ministry of interior case. Noyce noted that the movie is unlikely to attract tourists to Saudi Arabia.
Does Labor Have the Appetite for Reform?
As Anthony Albanese enters his fifth year in power, questions arise about Labor's vision for the nation and its centrist approach. Chief political correspondent Dan Jervis-Bardy speaks to Nour Haydar about the evolution of Labor's left wing in a podcast episode available for listening.
Before Bed Read: Moulin Rouge Memories
Twenty-five years after the release of Moulin Rouge, director Baz Luhrmann, actor Jim Broadbent, and others recall behind-the-scenes stories, including stagehands pouring Coca-Cola on the floor, Ewan McGregor waving his lightsaber, and unusual antics at the post-Oscars party.
Daily Word Game
Today's starter word is AMU. Players have five attempts to form the longest word containing this starter word. Play Wordiply to test your vocabulary.
