One Nation has reportedly abandoned its support for a new domestic gas reservation policy, opting instead for a policy that appears to benefit its billionaire patron, Gina Rinehart. The party had previously backed a domestic gas reserve, with Pauline Hanson moving a Senate motion in March in support of such a policy.
However, in June, One Nation unveiled new gas plans after "consultation with industry and stakeholders," stating that a reservation policy risked "killing domestic Australian gas companies." This change in policy has drawn criticism, with Resources Minister Madeleine King suggesting One Nation's decision was influenced by industry positions.
The Albanese government has announced its intention to establish a new reservation policy for Australia's east coast. This policy would require gas exporters to supply a portion of their production to the domestic market, aiming to modestly increase supply and reduce consumer prices.
The opposition spokesperson for energy affordability and security, Garth Hamilton, stated that One Nation's policy shift must be for the benefit of its donors, not the Australian people. Senex, a company 49% owned by Rinehart's Hancock Prospecting, has reportedly opposed the reservation plan.