Australia to force gas giants to reserve fuel for domestic use

SYDNEY, Australia — Australia will look to stave off energy shortages by forcing major gas exporters to set aside a fifth of their fuel for domestic use, Energy Minister Chris Bowen said Thursday. The country is one of the world’s largest exporters of liquefied natural gas (LNG), a key fuel source in hot demand as war in the Middle East upends global energy markets. In a bid to shield the nation from “global price volatility”, Australia’s largest gas exporters will be forced to set aside 20 percent of their export production for sale at home. READ: Iran war: Will tensions escalate […]... Keep on reading: Australia to force gas giants to reserve fuel for domestic use

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