‘Laughable’: Albanese government dismisses gas industry claims of ‘Soviet-style’ energy policy

Energy minister, Chris Bowen, says government’s job is protecting Australians, not maximising LNG companies’ profits

The Albanese government has hit back at LNG giants who equated a temporary cap on gas prices to nationalising the industry, with ministers dismissing the claims as shrill and laughable.

Gas companies have ramped up the rhetoric in response to the government’s regulatory intervention that passed parliament on Thursday, with the Santos chief executive, Kevin Gallagher, arguing Labor was imposing a “Soviet-style policy” that would chill investment.

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