Australia’s $59 Billion Gas Sector Needs Policy Support, Shell Executive Says
- Authorities can encourage new investment in gas production
- Supplier says has raised domestic supply from key local unit
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Australia needs to encourage new investment in natural gas production to help prevent any domestic energy crunch and maintain the nation’s A$92 billion ($59 billion) export industry, according to a Shell Plc executive.
The country, which vies with Qatar as the top shipper of super-chilled liquefied natural gas, is facing looming pressures on domestic energy supply amid coal-fired power station closures and a lack of developments to offset declining output.