Beach Energy (ASX:BPT) CEO Brett Woods has launched a pointed critique of the Albanese government’s proposed domestic gas reservation scheme, labelling the current implementation strategy as "naive and ill-informed."
Speaking at a Sydney gas conference, Woods urged Canberra to delay the Jan. 1, 2027, start date, warning that the plan to force Queensland LNG exporters to divert up to 25% of their supply inland could inadvertently cripple local producers.
While Woods maintained his general support for a reservation system, he argued that flooding the market with "artificially discounted" gas would distort competition and jeopardise up to 75% of the region's existing supply chain.
He further noted that with the energy market operator deferring its shortage forecasts for the southeast, there is no immediate necessity to risk the business cases of dedicated domestic suppliers.
At the time of reporting, Beach Energy's share price wwas $1.32.