Australia Orders LNG Exporters to Reserve 20% of Gas for Domestic Market ...Middle East

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Australia Orders LNG Exporters to Reserve 20% of Gas for Domestic Market
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Australia’s government has mandated energy companies in the country to set aside 20% of their natural gas output for the domestic market to avoid supply shortages along the east coast. The mandate will come into effect from July next year, Reuters reported today, adding that it will affect three companies with LNG facilities on the east coast of Australia: Shell, Santos, and Origin Energy. The mandates will not interfere with long-term LNG export contracts, concerning instead spot market sales and prospective contracts, according to Australia’s…

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