Tomago Aluminium in NSW may be saved from closure in 2028 by a possible billion-dollar bailout. Photo: Michael Gorton/AAP PHOTOS

A premier could use compulsory acquisition powers to increase gas supplies for industry and help secure the future of the nation's biggest aluminium smelter.

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Federal and NSW government leaders have been scrambling to keep the Tomago Aluminium facility running, with a bailout reportedly worth more than $1 billion on offer.

The operators of the Hunter Valley smelter, which is majority-owned by mining giant Rio Tinto, said high energy costs had forced the co

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