The Australian Government has reformed the Australian Domestic Gas Security Mechanism (ADGSM) to allow for more flexibility in responding to domestic gas supply shortfalls. Under the reforms:
- the decision to activate the ADGSM can be made quarterly, ahead of peak seasonal demand periods
- new protections are in place for the long-term gas contracts that underpin investments in Australia’s gas industry
- liquefied natural gas (LNG) exporters will share equal responsibility for preventing shortfalls.
The new ADGSM shows Australia’s commitment to remaining a reliable trade and investment partner. It also ensures we meet our energy security needs in a time of unprecedented gas market volatility.
Learn about the reforms on the ADGSM webpage.