What specific change does Santos CEO Kevin Gallagher propose to Australia's upcoming gas reservation scheme to support investment?

Santos CEO Kevin Gallagher proposes modifying the gas reservation scheme’s ‘must sell’ clause by allowing unsold reserved gas to be offered to domestic spot hubs instead of mandating rigid sales requirements—enabling market-driven price signals and preventing forced supply into an oversupplied market.

According to Kevin Gallagher, what is the primary cause of insufficient new gas supply investment on Australia’s east coast?

According to Kevin Gallagher, the primary cause is ‘moratoriums and bans in New South Wales and Victoria’ that have persisted for more than a decade, directly resulting in inadequate investment in new gas supply sources on the east coast.

Santos CEO Says Australia Needs Gas Rules That Boost Investment

Sep 8, 2026

Santos CEO Kevin Gallagher advocates for revised Australian gas reservation rules to stimulate investment in new supply sources. He warns that current rigid requirements threaten the nation's reliability as an LNG supplier while highlighting potential in the Beetaloo shale basin.

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