Australia mulls gas reservation for domestic use
Summary
Australia plans new laws requiring gas exporters to reserve 15-25% of liquefied natural gas for domestic use starting in 2026 to ensure supply and reduce prices.
Key Points
- The Australian government announced plans to introduce laws requiring gas exporters to reserve a portion of supply for domestic use.
- The legislation will mandate exporters to reserve between 15 and 25 percent of LNG extracted in Australia for the domestic market.
- The laws are set to be introduced to federal parliament in 2026 and will be developed with consultation from the gas industry and international stakeholders.
- Minister Chris Bowen briefed Asian trading partners on the new policy, emphasizing prioritizing Australians for resources under the soil.
