Madeleine King

While Labor backbenchers have complained about feeling, quote, unquote, "stupid" for consistently defending policy backflips and blunders, government figures say Mr. Albanese was showing signs of frustration about often having to intervene on the political management of issues, including migration, veterans affairs, and tax.

The Australian has been told that the Prime Minister has showcased these frustrations in private meetings, including in Monday's cabinet when he rejected a policy proposal put forward by Resources Minister Madeleine King.

Labor sources said Mr. Albanese appeared agitated by Ms. King's proposal and told her to shelve elements of it.

There is growing dismay over the lack of a unifying message for MPs to rally behind, along with budget backflips that make it look like major tax policies were implemented on the run and without sufficient consultation.

The Coalition has signaled it wants to work with the government on the scheme, but has concerns about future gas supply and investment, while the Greens cite loopholes in the proposed structure.

Madeleine King is the Federal Minister for Resources and Minister for Northern Australia, and joins me now.

Minister, welcome back to Breakfast.

Uh, good morning, Sally.

But it, it is, uh, an important reform and, and I'll say it again, uh, 'cause it, 'cause this is a vital part of the whole plan, is that the dollars that will be saved from this are reinvested into more packages and better care for older Australians, and that's a priority of our government.

You're listening to Radio National Breakfast.

Uh, my guest is the Resources Minister, uh, Madeleine King.

Minister, turning to the proposed gas reservation scheme, the government has designed the scheme to ensure a, a, quote, "modest domestic oversupply of gas." What impact does the government believe that will have on prices and on investment?

Uh, and, and, and it has been of immense benefit to Western Australia that that scheme has been in place, and this Albanese government will deliver that benefit for all of Australia.

Earlier today, uh, my friend, the Minister for Resources, Madeleine King, introduced legislation for the domestic, the domestic gas reservation.

It is a landmark labor reform that will ensure that Australia's resources are used to benefit Australia and Australians.

It will deliver affordable gas for Australians in their homes, for our businesses, and for our households.

Labor is determined to put downward pressure on energy prices by keeping more Aussie gas onshore.

Addressing the National Press Club, Resources Minister Madeleine King says from 2028, exporters will be required to keep a percentage of their gas for domestic use.

It is a really important part of this whole scheme that downward pressure will be put on prices that will be felt by the consumer.

And millions of Aussies have delayed paying a power bill so they can pay their rent.

The bill aims to establish Australia's first national gas reservation scheme to commence in January twenty twenty-eight.

Federal Resources Minister Madeleine King says the final legislation includes amendments arising from months of talks with stakeholders, including gas corporations, customers in the manufacturing sector, and liquified natural gas buyers in Asia.

Together, the three bills establish a nationally consistent domestic gas reservation framework that supports reliable domestic supply, a competitive gas market, and Australia's ongoing role as a trusted LNG exporter.

Uh, and I commend all three bills and the entire package for a national gas reservation scheme to the House.

And that's where the danger lies.

Now, this week we're also seeing Madeleine King introducing the gas reservation policy as well.

Mm-hmm.

Do you think that the gas reservation policy is gonna bring down energy prices enough?