Australia’s Energy Minister Chris Bowen says the government will move to reduce the risk of energy shortages by requiring major liquefied natural gas (LNG) exporters to reserve a portion of their supply for the domestic market. Bowen said Australia will require the country’s largest gas exporters to set aside 20% of their export production for sale in Australia, effectively limiting how much gas is shipped overseas.
The measure is presented as a response to tightened global energy conditions, with both outlets linking the policy to disruptions affecting world energy markets, including conflict-related pressures in the Middle East. The government says the approach is intended to protect consumers and national supply from “global price volatility,” by ensuring that at least a fixed share of production remains available domestically even when international demand and prices are elevated.
The policy centers on LNG exporters and the proportion of production reserved rather than on specific company-level exceptions or timelines in the provided reports.
