Australia Balances Gas Export Needs | Australia News

Australia’s government is tweaking its gas export rules to ensure domestic supply and curb prices, requiring exporters to reserve up to 20% of output for local use starting in 2028 — but with flexibility to adjust based on demand or contract limits. After facing pushback, officials softened the stance, promising a modest surplus and guaranteeing existing Asian contracts remain intact. The move responds to years of concern over energy insecurity, especially in southern states reliant on gas for heating, cooking, and industry — where manufacturers are urging action to prevent closures. The goal? A balanced approach that protects both home and business users...