Australia Set to Include Existing LNG Contracts in Reservation

🇦🇺 Bloomberg (AU) —

AI Summary

Australia will require liquefied natural gas (LNG) producers to reserve 20% of exports for domestic consumption, extending this obligation to all existing contracts and projects. The policy aims to increase local supply amidst rising export demands.

Australia’s requirement for liquefied natural gas producers to reserve a fifth of exports for local use is set to apply to all projects and existing contracts, intensifying pressure on them to secure more supply.

Politics Markets Energy Australia LNG liquefied natural gas exports domestic supply energy policy

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