Australia Close to Finalizing Gas Reservation Plan for LNG Exporters

The Australian government will introduce next week a bill setting the final rules in the so-called Domestic Gas Reservation Scheme, which will require LNG exporters to keep up to 20% of their total production in Australia, whose east coast is expected to face supply issues at the end of the decade. The scheme, which will come into force on July 1, 2027, has raised concerns among the biggest gas producers and exporters in Australia that argue the requirement could undermine Australia’s position as a reliable LNG supplier to the global markets.…