Australia to Mandate LNG Export Curbs to Ensure Local Supply

Australia’s government is set to impose mandates on LNG producers in the country to set aside a certain percentage of their output for the domestic market to avoid shortages, despite industry opposition. According to a Reuters report on the news, plans are to set the threshold at between 15% and 25% of production, as a minimum. The curbs would come into effect from 2027, building on the so-called Australian Domestic Gas Security Mechanism that the government of Australia approved back in 2017, giving itself powers to limit exports of liquefied…