Australia Urged to Rein In Gas Exports as Supply Crunch Looms

A new report linking Australia’s liquefied natural gas export boom to surging local energy prices is fueling fresh pressure to curb shipments and shore up domestic supply.

Wholesale electricity prices on Australia’s main grid have jumped about 73% since liquefied natural gas exports began a decade ago, averaging A$107.67 ($70.24) per megawatt-hour, according to research released Tuesday by progressive think tank, The Australia Institute. It found that there is a risk of shortfall in the fourth quarter and throughout 2026 should Queensland producers export all their uncontracted gas.