Australia Shifts Gas Export Rules | Sydney News

Australia’s gas export policy is getting a major tweak: instead of mandating 20% of LNG be reserved for domestic use, exporters now must reserve “up to” that amount — a flexible cap designed to keep prices low while avoiding unnecessary supply constraints. Energy Minister Chris Bowen calls it a “sensible calibration,” arguing it protects domestic needs without disrupting lucrative international contracts. The government aims to guarantee an extra 200 petajoules annually for Aussie households, with the Australian Energy Regulator setting yearly obligations — capped at 110% of forecast demand — starting in January 2025, with full effect by mid-2028. While industry supports the move, critics like the Greens...