Australia plans to expand the domestic supply scope of LNG

金十2026/05/25 06:04

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Golden Ten Data, May 25 – Australia’s policy requiring liquefied natural gas (LNG) producers to reserve 20% of their exports for domestic use is expected to apply to all projects and existing contracts, further increasing the pressure on related companies to secure local supply. According to a draft policy released by the government on Monday, export contracts signed on or before December 22, 2025, will “be respected,” provided the relevant project can prove that it would be impossible to meet the obligation of reserving 20% of gas for the domestic market, or to alternatively procure gas to fulfill this requirement, without breaching these contracts. The proposal has met strong opposition from the industry, claiming that such a move would curb investment and damage Australia’s reputation as a reliable exporter. This comes as Australia attempts to address anticipated natural gas shortages on the east coast, while the Iran war has resulted in around one-fifth of the world’s LNG supply (mainly from Qatar) being unable to reach the international market. According to the report, in addition to directly reserving gas for the domestic market, companies can also meet their obligations by procuring third-party gas, conducting regional swaps, reducing export deliveries, or sourcing LNG from their global asset portfolios and the international market. The proposal aims to foster a “modest supply surplus” in the domestic market, after which regulators could allow the excess to be exported, meaning the actual volume of Australian exports affected will be far less than 20%.

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路透社•2026/10/09 16:16