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International · 1 hrs ago
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Australian gas exporters will be forced to set aside local supply for domestic users
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Australia's government has mandated that liquefied natural gas producers on the east coast must reserve 20% of their output for domestic supply starting July 2027, with the policy expected to create modest oversupply in the domestic market.
Australian gas exporters will be forced to set aside local supply for domestic users
Producers of liquefied natural gas (LNG) on Australia’s east coast will have to set aside 20% of their gas exports to be sold to domestic users from July next year.
The long-awaited gas reservation plan, unveiled on Thursday, is well overdue. But it will not come into effect until July 2027, six months after it was originally supposed to start.
The policy is expected to lead to a “modest” oversupply in domestic gas in eastern Australia. Gas exporters in Western Australia have had to set aside
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