"If Qld gas could not be exported as LNG, none of the infrastructure and gas development would have gone ahead, and the east coast would still be short of gas."
Correct, the point of a reservation policy is the state is retaining 10% or so ownership of the gas to go into cheap energy supply or revenue for the state, so once the construction is done there is still something in it for the state above and beyond a few royalty cheques a year.
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