Australia to Make LNG Projects Supply 20% of Gas to Local Market

Australia will require liquefied natural gas exporters to set aside 20% of new supply for the domestic market, as the government moves to curb prices and avert shortages on the populous east coast.

The new system will apply to prospective contracts and the spot market from July 1, 2027, Energy Minister Chris Bowen and Resources Minister Madeleine King said in Sydney on Thursday.